Monday, April 22, 2013

Revised GASB white paper

being updated as of April 2013 for all the revised standards that have ensued since it was written in 2006.  "What governmental accounting is -  and should be - different" is the name of the white paper    http://www.gasb.org/cs/BlobServer?blobkey=id&blobwhere=1175826684726&blobheader=application%2Fpdf&blobcol=urldata&blobtable=MungoBlobs

Friday, April 5, 2013

FASAB seeking comments on proposal

to ensure appropriate organizations are included in the Federal government reporting.   Comments are requested by July 3.  http://journalofaccountancy.com/News/20137719.htm

Iowa State auditor to be new chair at GASB

Robert Attemore, the outgoing chair who is retiring, mentions how his replacement has experience to help navigate some of the controversial work ahead.   Post employment benefits is one specific topic referenced.  http://journalofaccountancy.com/News/20137716.htm

Wednesday, March 27, 2013

Saturday, March 23, 2013

Transparency in government reporting

The reporting during "Sunshine week" showed 247 transparency winners out of 1000 local governments whose websites were reviewed.    No states actually received awards for their transparency, although three states garnered the most awards.  http://www.governing.com/news/state/gt-awards-highlight-transparent-government-websites.html

The nonprofit Sunshine Review is the one to tabulate this information.   here is that website.  http://sunshinereview.org/core/

Wednesday, March 6, 2013

States where individuals are not saving as much

are highlighted in this article http://247wallst.com/2013/03/05/the-10-states-where-people-save-the-least/

Group of 20 leading nations

highlight the importance of comparability and transparent public sector financial reporting in Russia at meeting of central bank governors and finance ministers.    Emphasized the importance of country specific circumstance and impact of financial sector vulnerability on public debt.  http://www.publicfinanceinternational.org/news/2013/03/accounting-bodies-hail-g20-emphasis-on-public-sector-reporting/