International


IFAC issues public sector exposure draft on events that occur after the reporting date. Comments are due by May 31 ( www.ifac.org/Guidance/EXD-Download.tmpl?PubID=98044113798449 ).

IFAC exposure draft addresses segment reporting for public entities. Comments are due by May 31 ( www.ifac.org/Guidance/EXD-Download.tmpl?PubID=980441403101013 ).

Public sector disclosure of financial instruments is the subject of IFAC exposure draft. Comments are due by May 31 ( www.ifac.org/Guidance/EXD-Download.tmpl?PubID=980441670103481 ).

IFAC exposes draft on public sector accounting for investment property. Comments are due by May 31 ( www.ifac.org/Guidance/EXD-Download.tmpl?PubID=980441893105583 ).

IASC standard prescribes accounting treatment for agricultural activity. Effective for annual financial statement periods on or after January 1, 2003 ( www.iasc.org.uk/frame/cen2_141.htm ).

IFAC signs up with eXtensible Business Reporting Language consortium ( www.ifac.org/News/Initiatives.tmpl#1 ).

IFAC president outlines plan to improve global financial reporting and auditing ( www.ifac.org/News/Initiatives.tmpl#2 ).

U.K. regulator addresses operating lease incentives, Web site development costs ( www.asb.org.uk/publications/publication325.html ).

U.K. accounting standard setter issues discussion paper on small entity reporting. Comments are due by May 18 ( www.asb.org.uk/publications/publication324.html ).

PODCAST

What’s next for potential CPA licensure changes

A new model proposed by NASBA and the AICPA is designed with an eye on the future for newly licensed CPAs. The AICPA's Carl Mayes, CPA, provides background on the project and a look ahead to 2020.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.