Government Accounting


The Federal Accounting Standards Advisory Board (FASAB) issues an exposure draft of Statement of Federal Financial Accounting Standards (SFFAS), Heritage Assets and Stewardship Land: Reclassification from Required Supplementary Stewardship Information. The proposed standard would move such assets and land to a “basic information” reporting category. Currently SFFAS 8, Supplementary Stewardship Reporting, classifies information about heritage assets and stewardship land as “required supplementary stewardship reporting information”—a category unique to federal financial reporting. The ED is available online at www.fasab.gov/pdf/haslr.pdf and in print from FASAB at 202-512-7350. Comments are due November 10.

SPONSORED REPORT

Building client loyalty with payroll services

In this report, CPA experts detail their tactics for performing successful payroll services, how to mitigate risk in the process, and the impact payroll can have as a value-added service.

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.