The Governmental Accounting Standards Board has released guidance in the form of questions and answers to help state and local governments apply its standards.
The latest guide also includes amendments to some previously issued implementation guidance. Its requirements are effective for reporting periods starting after June 15, 2019, though GASB is encouraging early application for guidance related to standards that already have been implemented.
The guide is
The Supreme Court heard arguments in a case revolving around whether a county violated the rights of a homeowner whose home was foreclosed on for owing taxes.
While Republican-led states are mostly adopting the various tax changes from the One Big Beautiful Bill Act, some states led by Democrats are refusing to go along.
The Internal Revenue Service confirmed Treasury Secretary Scott Bessent's term as acting IRS commissioner has expired, although he will continue to oversee it.
The Audit Practitioner Fellowship Program will allow auditors to share their expertise with PCAOB staff.
Plus, Digits' payroll integrations goes from 1 to 18; Campfire announces Ember Agents; and other news and updates from the accounting tech world.
Aprio appoints first global M&A growth leader; Koltin Consulting names chief corporate development officer; and more news from across the profession.
