CPA Government & Nonprofit Report articles from March 2005

CPA Government & Nonprofit Report archives from March 2005

Reporting certificates of deposits in governmental financial statements.
March 1, 2005... There are three issues regarding certificates of deposits (CD) that come up repeatedly from governments and auditors: * How to report CDs in the government's statement of net assets or balance sheet? * How to report CDs in the deposit...

Editor's note.(government accounting)(Brief Article)(Editorial)
March 1, 2005... Government accounting continues to present interesting challenges to all of us. Lately, I was talking to a CPA and she indicated that her peer reviewer had written a comment on one of her audits because she did not treat a certificate of...

AICPA issues ED on audit documentation.(American Institute of Certified Public Accountants, exposure draft)
March 1, 2005... In January, the AICPA issued an Exposure Draft of a proposed statement "Audit Documentation" that will amend SAS 96 of the same name. If adopted, the changes are to take effect for all audits for periods beginning on or after December 15,...

GASB issues Statement 46 on Net Assets Restricted by Enabling Legislation.(Governmental Accounting Standards Board )
March 1, 2005... Statement 46 "Net Assets Restricted by Enabling Legislation" has been issued by GASB and will take effect for fiscal years beginning after June 15, 2005, which effectively translates to fiscal years ending June 30, 2006 or later. This statement...

Handling program income in the single audit: top questions answered.
March 1, 2005... How to handle program income continues to be one of the most asked questions in my single audit seminars. I have covered this area using the same types of questions that arose in my seminars. 1. What is program income? Program income...