Government Auditing


GOVERNMENT AUDITING

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 ).

FEATURE

Tackling TCJA changes this tax season

Return preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.