GASB issues exposure draft to clarify Statement no. 34
( www.rutgers.edu/Accounting/raw/gasb/news/nr010801.html ).
Comments due by March 16.
FASAB seeks comments on plan to omit stewardship category
from federal reports (
www.financenet.gov/financenet/fed/fasab/dec_00_jan_01.html ). Comments
due by March 15.
NEWS
IRS sets start date for tax seasonThe IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.
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Why CPAs can’t wait on automation toolsWhat 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.