Government


Data on federal grants, contracts and other spending is available in a searchable format on an interim Web site developed by the Office of Management and Budget in accord with the Federal Funding Accountability and Transparency Act, which became law in 2006. The temporary site at www.federalspending.gov was launched to solicit feedback from the public on how to develop a search engine for the official Web site, which will be launched in January 2008.

Besides gathering feedback from visitors, the site includes:

  • A copy of the Federal Funding Accountability and Transparency Act.
  • The Federal Funding Accountability and Transparency Act Task Force‚Äôs Implementation Plan.
  • Answers to frequently asked questions about the new law.
  • Links to current information about federal spending.

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6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.

PODCAST

How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.