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.

SPONSORED REPORT

Click-through nexus: Pushing the boundaries of sales tax compliance

Sales and use tax compliance has been complicated by nexus expansion. In this report, we provide an overview of this issue and include a handy state-by-state summary of click-through nexus or notification requirements.

QUIZ

News quiz: Making allowances for the kids and the economy

Recent news gives CPAs insight into Americans’ attitudes about children and money and gauges outlook on the economy. See how much you know about recent news and reports with this quiz.

CHECKLIST

Auditing risks in culture

Cultural flaws can seriously damage an organization. Here’s how internal auditors can reduce risks by embedding culture audits into existing audit programs.