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Governmental auditing

Government

– Changes may be coming for state and local governments in financial reporting for leases and for the reporting of activities in which they have a fiduciary responsibility. GASB issued separate “Preliminary Views” documents on the subjects and is seeking public comment on each. The Leases document, available at tinyurl.com/ng8x4c7, includes proposals addressing

GASB pension changes: Are you ready?

GASB Statements No. 67 and No. 68 have created significant changes in pension accounting for state and local governments that affect financial statement preparers and auditors.

Government

State and local government financial statements would be required to reflect agreements that state and local governments make to attract businesses to their areas, under new accounting rules GASB proposed. In an effort to stimulate economic development, governments often agree to abate or reduce the taxes of businesses and other

FAF, FASB, and GASB release draft strategic plan

The Financial Accounting Foundation, the Financial Accounting Standards Board, and the Governmental Accounting Standards Board released a new joint strategic plan that spells out the organizations’ vision and mission.

SPONSORED REPORT

Preparing clients for new provisions next tax season

Preparing clients for new provisions next tax season

As the 2025 filing season approaches, H.R. 1 introduces significant tax reforms that CPAs must be prepared to navigate. These legislative changes represent some of the most comprehensive tax updates in recent years, affecting both individual and corporate taxpayers. This report provides in-depth analysis and guidance on H.R. 1.

From The Tax Adviser

October 31, 2025

Recent developments in estate planning

October 31, 2025

Current developments in taxation of individuals: Part 2

September 30, 2025

Current developments in taxation of individuals: Part 1

August 30, 2025

2025 tax software survey