To help state and local governments implement its new
financial reporting model, GASB issues two additional standards:
Statement no. 37, Basic Financial Statements—and Management’s
Discussion and Analysis—for State and Local Governments: Omnibus
and Statement no. 38, Certain Financial Statement Note
Disclosures ( http://accounting.rutgers.edu/raw/gasb/news/nr062801.html
).
PODCAST
What’s next for potential CPA licensure changesA 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 worksRobotic 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.