Government Accounting


GASB approves Statement no. 40, Deposit and Investment Risk Disclosures, to inform financial statement users of risks related to credit, interest rates, foreign currency or other factors that could affect a government’s ability to provide services and meet its obligations ( www.gasb.org/st/index.html ). The guidance, which amends Statement no. 3, is effective for financial statements for periods beginning after June 15, 2004, but the board encourages earlier application. Copies (product code GS40) can be ordered on the Web at http://store.yahoo.com/gasbpubs/publications.html or by phone at 800-748-0659.

SPONSORED REPORT

Tax reform changes are now in effect

With all the recent tax law changes, this year it’s more important than ever to make sure your clients’ tax situations are squared away before year end. This report provides necessary guidance to ensure 2019 starts without a hitch.

PODCAST

Using drones to enhance audits

Hermann Sidhu, CPA, global assurance digital leader at EY, walks us through EY’s exciting new project to use drones to help audit large warehouses and outdoor inventories.