The Latest

The Governmental Accounting Standards Board has issued two documents describing its preliminary views on lease accounting for state and local governments, and financial reporting for fiduciary responsibilities, as it solicits public comments on possible standards.

The economy is in a relative holding pattern when it comes to both national and state economic indicators, according to a poll of CPAs in New Jersey and Pennsylvania, while a high proportion of CPAs in New Jersey are recommending that their clients relocate to another state to avoid high estate and inheritance taxes.

The Internal Revenue Service has insufficient controls over the outside employment or business activities of its employees, according to a new government report.

Nonprofit software veteran Kent Hollrah has joined Intacct as a senior channel executive, not-for-profit.

The Net Investment Income Tax, which was included as part of the Affordable Care Act, will be hitting taxpayers and practitioners alike this coming tax season.

Internal auditors are more likely to be satisfied with their jobs and remain with employers who use internal audit as a talent pipeline for management positions, according to a new survey.

Now it’s your turn. Calendar a day and time that you will relax for 20 minutes. Let us know in the comments which day it will be so we can all hold each other accountable.

The Internal Revenue Service is being urged to bolster its enforcement efforts on multimillion-dollar Individual Retirement Accounts in a new government report that also encourages Congress to provide more direction.

The Financial Accounting Foundation, has named Jan Sylvis, the chief of accounts for the Tennessee Department of Finance and Administration, as vice chair of the Governmental Accounting Standards Board.

The Financial Accounting Foundation, the parent organization of the Financial Accounting Standards Board, has launched a new Web page highlighting the benefits of U.S. GAAP.