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Government Accounting And Auditing
Please note: This item is from our archives and was published in 2001. It is provided for historical reference. The content may be out of date and links may no longer function.
Related
A CPA playbook to help prevent disaster fraud
IRS designates certain CRAT arrangements as listed transactions
Eligible taxpayers to get automatic IRS penalty relief
A FASAB proposed standard would eliminate the requirement to report changes in certain receivables from the public as a resource on the statement of financing. Comments are due by June 8 ( www.financenet.gov/financenet/fed/fasab/pdf/ed_para80.pdf ).
New FASAB guidance amends standards for direct loans and loan guarantees, effective for periods beginning after September 30, 2002 ( www.financenet.gov/financenet/fed/fasab/pdf/sffas-19.pdf ).
The Social Security program’s financial stability will last until 2038—one year longer than previously expected—based on recent adjustments in the economic and demographic data underlying future SS payment projections ( www.ssa.gov/enews/enewspress031901.htm ).