The Governmental Accounting Standards Board released a pair of implementation guides with questions and answers explaining several GASB standards.
The guidance applies to state and local governments that follow U.S. GAAP when preparing their financials.
Investors mostly favor the continued use of quarterly reporting and rejected the SEC's recent proposal for a semiannual reporting option, according to a survey.
Plus, KPMG names new int'l leaders; a new director of enforcement at the PCAOB; and other firm and personnel news from across the profession.
Firms are sourcing new solutions from field staff to expand their tools and upskill their professionals. But they aren't just throwing together programs and calling it a day.
Plus, Canopy announces Canopy Close Automation in open beta; MYCPE ONE rolls out managed cybersecurity services for businesses; and other news.
The Electronic Tax Administration Advisory Committee report calls for sustained IRS funding, human-centered design, fraud prevention and preparer regulation.
Disbarred lawyer; frozen bank accounts; bridal shop scam; and other highlights of recent tax cases.
