International


The International Federation of Accountants releases two international public sector accounting standards (IPSASs) ( www.ifac.org ). IPSAS 19, Provisions, Contingent Liabilities and Contingent Assets, defines the terms to which its title refers and establishes the criteria for recognizing and disclosing provisions and the rules for measuring them. IPSAS 20, Related Party Disclosures, requires entities to reveal ties that involve significant control by or over the entity, as well as information about transactions—between an entity and related parties—that take place outside normal supplier or client-recipient associations.

SPONSORED REPORT

Taking stock of artificial intelligence

Artificial intelligence is either the greatest thing to ever happen to human work or the dread of our existence. This independently written report explores how AI will reshape the workplace and how analytically minded individuals can stand out.

PODCAST

How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.