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


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.