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.

PODCAST

What’s next for potential CPA licensure changes

A new model proposed by NASBA and the AICPA is designed with an eye on the future for newly licensed CPAs. The AICPA's Carl Mayes, CPA, provides background on the project and a look ahead to 2020.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.