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GASB 96: Lessons Learned for Local Government Organizations

LSLCPAs

As auditors, it’s important for us to stay on top of the latest accounting standards to ensure financial accuracy, reliability and compliance. For our clients, its even more important as the real-life implementations of new accounting standards isn’t always as easy as it may seem. GASB Statement No.

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Guy Proposes Not Terrible Ideas to Get People Into Government Accounting

Going Concern

Late filings aren’t terribly uncommon in the world of government entities but the delays are piling up and retirements of an aging workforce in the public sector aren’t helping. The state associations of finance officers and CPAs can play a key role in working with their state universities and the national affiliates.

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AICPA Honors Financial Reporting Leader with Gold Medal

CPA Practice

The American Institute of CPAs has awarded Robert H. Herz, CPA, CGMA, FCA, with its 2023 AICPA Gold Medal Award of Distinction. The award, presented since 1944, is the highest honor bestowed by the AICPA, recognizing CPAs “whose influence on the accounting profession has been especially notable.”

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Jeanne Dee Appointed to FASB Not-for-Profit Advisory Committee

Anders CPA

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024. As one of the six new NAC members, Jeanne will serve a four-year term ending on December 31, 2027.

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Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

The decision will likely set up another showdown with Australian politicians who have strongly criticised the firm for not sharing the report, and frustrate government departments that have believe it should be shared. Atlas CPAs and Advisors undercut the Utah-based auditing firm by $12,000. Movers and Shakers Jackson M.

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Get ready for GASB Statement No. 101 – Compensated Absences

LSLCPAs

The Governmental Accounting Standards Board (GASB) issued new GASB Statement No. 16 – Accounting for Compensated Absences. 101 – Compensated Absences appeared first on LSL CPAs. A new GASB pronouncement is on the horizon. 101 – Compensated Absences to replace the previous GASB Statement No.

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AICPA News – Nov. 2023

CPA Practice

Rivera, University of Connecticut The Foundation also awarded $120,000 to 10 CPAs pursuing their accounting Ph.D. through the William (Bill) Ezzell Scholarship program and the Accounting Doctoral Scholars (ADS) program. The Gold Medal is the highest honor granted by the AICPA.

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