Government Accounting


The secretary of the Treasury, the director of the Office of Management and Budget and the comptroller general of the United States restructured the Federal Accounting Standards Advisory Board in January to increase the number of public members to six from three, decrease the number of federal government members to three from six and provide for terms of up to 10 years. ( www.fasab.gov/pdf/press_release_1-11-02.pdf )

SPONSORED REPORT

States look to unclaimed property for revenue

This free report outlines the escheat process, common types of AUP, how different states are handling it and how companies can plan for potential audits and liabilities.

PODCAST

Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.