The Governmental Accounting Standards Board issued proposed implementation guidance Tuesday in the form of questions and answers to clarify different pronouncements involving leases, subscription-based IT arrangements and other accounting changes for local and state governments.
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GASB is asking for comments on the exposure draft by Jan. 20, 2023.
With Microsoft aiming to end most support for Windows 10 in October, the newest version may require some stragglers to replace their old devices.
The numbers look gaudy, but potential estate taxes and prohibitions on future strategies make the big retirement accounts much less appealing, two experts said.
The Internal Revenue Service has posted a draft version of Schedule 1-A that will be used next tax season when claiming new tax breaks.
The Internal Revenue Service, the Treasury and other parts of the government plan to phase out the use of paper checks for payments by the end of this month.
The internal audit profession has been grappling with a greater array of responsibilities beyond checking up on corporate finances, including vetting companies' cybersecurity and use of artificial intelligence.
Plus, AuditDashboard announces 8.0 release with Microsoft 365 and Copilot integration; Audit Sight releases new analytics module for insights; and other accounting tech updates.
