The GAO issues a draft of a strategy guide to help
federal departments and agencies minimize their improper payments. It
includes examples of techniques public- and private-sector
organizations have used to estimate the extent of such payments, the
cost of implementing effective internal control systems and the
effectiveness of corrective actions to date. Comments are due by
August 15 ( www.gao.gov/new.items/d01703g.pdf
).
SPONSORED REPORT
6 key areas of change for accountants and auditorsNew accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.
PODCAST
How tax reform will impact individual taxpayersAmy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.