Nonprofits ripe for fraud?

See this article that discusses the necessity for internal controls in the mission driven NFP sector.   Doing good is great, but do so with open eyes to the realities of the world, so that you can continue to "do good".  http://journalofaccountancy.com/News/20138221.htm

GASB issues proposal for pension transition

to eliminate potential source of understatement  by governments in the transition for GASB 68.   Comments are being sought through 8/26  http://journalofaccountancy.com/News/20138266.htm

Issues with the way the U.S. Treasury

processes its consolidated financial statements.   The 33 page GAO report issued June 28, 2013 report indicates some of the concerns.   http://www.gao.gov/assets/660/655636.pdf

IRS and nerf balls

some improper payments   http://accounting.smartpros.com/x74908.xml

AICPA responding to single audit changes

And expressing the concerns http://blog.aicpa.org/2013/06/3-ways-the-new-coso-framework-may-affect-your-business.html

Some of the various changes are discussed here.
http://www.aicpa.org/InterestAreas/GovernmentalAuditQuality/NewsAndPublications/GAQCALERT/2013/Pages/GAQCAlertNo211.aspx

Materials related to the overhead myth

at this site  http://www.overheadmyth.com/?hq_e=el&hq_m=2137165&hq_l=3&hq_v=d8521fbc6e

Municipalities being scrutinized for cooking the books related to bonds

per this WSJ article.  This article generated many comments from readers related to issues of muni bond financing , culpability of players, and related matters...  http://online.wsj.com/article/SB10001424127887324659404578501241181682894.html?mod=dist_smartbrief