International


The trustees of the International Accounting Standards Committee (IASC) Foundation published a discussion document containing proposals that would establish a formal link between the IASC Foundation and a monitoring group composed of representatives of public authorities and international organizations that are accountable to public authorities. The proposals would also expand the membership of the International Accounting Standards Board (IASB) to 16 members and add new guidelines regarding the geographical diversity of the membership.

The establishment of the link to a monitoring group is aimed at enhancing the transparency and public accountability of the IASC Foundation, while not impairing the independence of the standard-setting process, according to an IASC Foundation news release.

The discussion document, Review of the Constitution: Public Accountability and the Composition of the IASB—Proposals for Change, is available at www.iasb.org/ NR/rdonlyres/12CC476D-B88F-418A- 826F-71A7465FC2E0/0/Proposal_ and_issues_for_the_Constitution.pdf.

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.