The Governmental Accounting Standards Board issued
Technical Bulletin no. 2006-1 to clarify how state and local
government entities should report payments received from the federal
government under the retiree drug subsidy provisions of Medicare Part
D. The bulletin (product no. GTB0601) can be ordered at
http://gasbpubs.stores.yahoo.net/gtb0601.html . With certain
exceptions, it took effect June 30, 2006.
PODCAST
What’s next for potential CPA licensure changesA 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 worksRobotic 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.