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 ).

NEWS

IRS sets start date for tax season

The 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.

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.