Thursday, October 29, 2009
Sunday, October 25, 2009
Saturday, October 17, 2009
Is FASAB independent
This article talks about the upcoming review of FASAB by the AICPA to determine if it remains independent as a GAAP standard setter. The last review came in 2004, and in late 2009 the review will begin.
http://accounting.smartpros.com/x67773.xml
The Smartpros article is a digest of the full article which while current is freely available at https://members.agacgfm.org/scriptcontent/membersonly/AGAjournal/fall2009/PattonMosso.pdf
http://accounting.smartpros.com/x67773.xml
The Smartpros article is a digest of the full article which while current is freely available at https://members.agacgfm.org/scriptcontent/membersonly/AGAjournal/fall2009/PattonMosso.pdf
Tuesday, October 6, 2009
As American Recovery and Reinvestment Act programs and funding reach state and local governments, CPAs will want to take a renewed look at internal controls for their organizations. State and local governments with new programs or programs being expanded under ARRA could experience significant changes in the control environment and risk levels. This whit paper describes some of what may need done
Friday, October 2, 2009
FASAB Fiscal Sustainability Disclosure Requirements
FASAB issues a new standard designed to enable readers to determine whether future budgetary resources will sufficiently sustain public services and meet obligations as they come due. It is FASAB 36 and it will be fully implemented by fiscal year 2013. Starting in 2010 all information may be presented as required supplementary disclosures. The Standard itself Reporting Comprehensive Long term Fiscal Projections for the US Government is located at this link http://www.fasab.gov/pdffiles/sffas_36_.pdf
Subscribe to:
Posts (Atom)