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
).
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.
PODCAST
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.