The International Public Sector Accounting Standards Board of the International Federation of Accountants (IFAC) has issued an exposure draft, ED 32, Financial Reporting Under the Cash Basis of Accounting—Disclosure Requirements for Recipients of External Assistance ( ).

ED 32 strengthens disclosure of financial information by governments and government agencies in developing countries about external assistance, including emergency assistance and development aid, they receive. It is intended to increase the transparency of financial statements and heighten the accountability of aid recipients. The board will field-test ED 32 before it is approved. Comments are due March 31.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.