CPA Government & Nonprofit Report articles from February 2007

CPA Government & Nonprofit Report archives from February 2007

GAO issues 2007 revision of the Yellow Book: Part 1.
February 1, 2007... On February 1, 2007, the GAO issued its 2007 revision of the Government Auditing Standards (GAS), also known as "Generally Accepted Government Auditing Standards" (GAGAS), or more commonly referred to as the "Yellow Book." It replaces the 2003...

Editor's note.(yellow pages enhanced)(Editorial)(Brief article)
February 1, 2007... Well, the big news this month is the issuance of the new 2007 Revision to the Yellow Book. It becomes effective for those fiscal years ending December 31, 2008. However, since the new Yellow Book incorporates SAS 103 on audit documentation and...

AICPA issues updated SAS 112 reports for Yellow Book audits.
February 1, 2007... With the issuance of the 2007 Revision to the Yellow Book (see accompanying article), AICPA has released the revised internal control and compliance report that has been updated for SAS 112. The updated examples can be found on the AICPA Web...

GASB issues Exposure Draft on new Pension Disclosures.
February 1, 2007... GASB has issued an Exposure Draft (ED) on "Pension Disclosures." This ED should not be a surprise to those who have followed the development of the OPEB disclosure requirements that were different in some respects from those required for...

FAF board of trustees confirms GASB jurisdictional authority with respect to service efforts and accomplishments.
February 1, 2007... Despite strong protests from the GFOA and the major public interest groups representing state and local government, the Financial Accounting Foundation, which oversees the Governmental Accounting Standards Board (GASB), has given the GASB the...