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

The technology assessment engagement

Are you working with the best technology? Do you know how to help your clients determine if their technology stack measures up? In this free report, J. Carlton Collins, CPA, explains how to answer those questions via a technology assessment engagement.

FEATURE

Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.