Illinois "Amazon" law found

unconstitutional; expectations are that it will be appealed to the Illinois Supreme Court http://www.journalofaccountancy.com/News/20125681.htm

GASB 63 summary

GASB 63 has been effective since the end of 2011.   Notice a new name to a particular financial statement and different elements included in the statement (deferred inflows and deferred outflows).  This short summary form BKD highlights the changes therein.   http://www.bkd.com/articles/2012/gasb-issues-statement-number-63.htm

Rita Crundwell pleads Not Guilty

Pictures and story accessible from Huffington Post http://www.huffingtonpost.com/2012/05/07/rita-crundwell-dixon-illi_2_n_1497624.html

This tag to the Quad City archives has interesting pictures and related topics.  Including whether questions about some money had surfaced earlier.
http://wqad.com/tag/rita-crundwell/

As covered by the Equine Chronicle http://www.equinechronicle.com/breaking-news/grand-jury-indicts-rita-crundwell-for-allegedly-stealing-53-million-311-quarter-horses-subject-to-forfeiture.html

What's new for nonprofits

Remarks from a speech made by the director of IRS Exempt Organizations

http://www.guidestar.org/rxa/news/articles/2012/insights-from-irs-on-nonprofits.aspx?hq_e=el&hq_m=1615743&hq_l=28&hq_v=5f5a877490

Dixon IL misappropriation Rita Crundwell

Now the $30 million over 6 years is $53 million over 20 years.
Here is the local news links
http://www.kwqc.com/story/17526287/employee-accused-of-stealing-30-million-from-dixon-il

Tribune coverage
 http://www.chicagotribune.com/news/local/breaking/chi-indictment-dixon-finance-chief-stole-53-million-since-1990-20120501,0,5768887.story

going concern blogger had been coverning over last few weeks - most recent post
http://goingconcern.com/post/oh-look-dixon-illinois-fraud-way-bigger-everyone-thought

Copy of the restraining order and other documents are available from this site.  For example the horse inventory listing has names of the horses.   There is a document from the city about the rules for the public meeting in Illinois  - three minute max to talk.
http://www.scribd.com/doc/92001283/Rita-A-Crundwell-Restraining-Order

The bank account was close to home
http://wqad.com/2012/05/01/dixon-worker-allegedly-took-city-mail/

City Auditor in Pennsylvania required to be a CPA

by vote this was approved by citizens.  http://accounting.smartpros.com/x73722.xml

Americans view of federal and state government

per the Pew Reporthttp://www.people-press.org/files/legacy-pdf/4-26-12%20Govt%20Favorability.pdf

62% of Americans surveyed have an unfavorable view of the Federal government.   Lowest rate in 15 years...