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.

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.