CPA Government & Nonprofit Report articles from January 2002

CPA Government & Nonprofit Report archives from January 2002

Handling changes in pledges receivable.
January 1, 2002... In certain situations, an initial pledge made by an individual or an organization may need to be adjusted due to unique circumstances that occur between the time of the pledge and the actual receipt. Chapter 5 of the AICPA Audit Guide for...

Editor's note.
January 1, 2002... As 2002 begins, there will be several new items to discuss. The new Yellow Book exposure draft should be on the GAO Web site in January. Once it has issued, I plan a more comprehensive analysis than the summary last month. A second GASB 34...

Accounting for and auditing forfeited property: overview of the sharing requirements between local governments and federal agencies.
January 1, 2002... Governments continue to receive confiscated cash and property from their own law enforcement actions and participation with other law enforcement organizations. Confiscated property resulting from law enforcement activities must be accounted...

Major programs in a single audit: the four-step process in making the determination a program is major.(Statistical Data Included)
January 1, 2002... The determination of major programs is the heart of the single audit; and is one of the key areas that the Inspectors General of the various federal agencies have decided to focus on in their recent desk and quality reviews. Once this...

GASB issues new codification for 2001.
January 1, 2002... Annually, GASB updates its codification for all new pronouncements that have been issued between July 1 of the previous year and June 30 of the current year. The June 30, 2001 codification is now available for ordering. However, this year there...