Government


An independent report commissioned and released publicly by FAF reviewed GASB’s activities as the standard setter for state and local governments. FAF is GASB’s parent organization.

The report advised FAF and GASB to consider:

  • Developing a plan to work toward improving the timeliness with which GAAP financial reports are issued.
  • Exploring the meanings and dimensions of accountability in practice and the conceptual framework, with an emphasis on research from public administration.
  • Analyzing the potential for expanding due process.
  • Clarifying the desired policymaking strategy with regard to being proactive or reactive as well as narrow or broad.


The full report is available at tinyurl.com/bng5cdy.

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Filing season quick guide — Tax year 2014

Tax season started Jan. 20. Download our “quick guide,” a printable card that contains dollar thresholds, tax tables, standard amounts, credits, and deductions to keep at your fingertips during tax season.

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Expired tax provisions extended for 2014

President Barack Obama signed legislation that retroactively extended more than 50 expired tax provisions for 2014, allowing taxpayers to take advantage of a host of tax incentives during this filing season.