International


The International Public Sector Accounting Standards Board of the International Federation of Accountants released a paper, “The Road to Accrual Accounting in the United States,” that offers practical insights for jurisdictions making or considering a conversion from the cash basis of accounting. It outlines the development of administrative arrangements for formal standard setting at the local, state and federal government levels and provides an overview of the conversion to accrual accounting by state and local governments. The paper also highlights the GASB standards that led and supported the conversion. It can be downloaded at www.ifac.org/Store/Details.tmpl?SID=11437329351545345 .

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QUIZ

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