Current matters and resources related to an improved understanding of governmental accounting at the national, state, and local level. Also matters related to the accounting of Nonprofits are included.
Monday, July 31, 2017
Monday, July 24, 2017
Federal Audit resources & reports
http://www.gao.gov/products/GAO-17-317
High-Risk Series:
Progress on Many High-Risk Areas, While Substantial Efforts Needed on Others
GAO-17-317: Published: Feb 15, 2017. Publicly Released: Feb 15, 2017.
http://www.gao.gov/products/GAO-17-283R
Financial Audit:
Fiscal Years 2016 and 2015 Consolidated Financial Statements of the U.S. Government
GAO-17-283R: Published: Jan 12, 2017. Publicly Released: Jan 12, 2017.
http://www.gao.gov/products/GAO-17-237SP
The Nation's Fiscal Health:
Action is Needed to Address the Federal Government's Fiscal Future
GAO-17-237SP: Published: Jan 17, 2017. Publicly Released: Jan 17, 2017.
Friday, July 21, 2017
AICPA comment letter to GAO
http://www.aicpa.org/InterestAreas/GovernmentalAuditQuality/DownloadableDocuments/AICPACL2017YBED.pdf
While supportive of the yellow book revision, three areas are noted: independence requirements,CPE requirement, and auditors' responsibilities for waste.