Government Accounting


The Federal Accounting Standards Advisory Board requests comments on the following exposure drafts ( www.fasab.gov/exposure.htm ): Elimination of the Category National Defense Property, Plant and Equipment (responses due by May 20), Target Audience and Qualitative Characteristics for the Consolidated Financial Report of the United States Government (responses due by June 30) and Selected Standards for the Consolidated Financial Report of the United States Government (responses due by June 30).

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.