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

Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.

FEATURE

Tackling TCJA changes this tax season

Return preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.