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.
The bill, whose revised text was just released by the Senate, includes a number of significant tax provisions for both corporate taxpayers and nonprofits.
The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements.
While the advantages to the parents often receive the most attention, a summer job could pay literal dividends to the children, experts say.
RSM announced the launch of myRSM Tax, a suite of proprietary platforms that work together using AI to reduce manual processes, accelerate insight generation and ensure transparency.
While it might intuitively seem AI and offshoring are in direct competition, offshore talent providers report that the two have instead created powerful synergies.
Accounting firms are reporting bigger profits and more clients, according to a new report.
