Remove accounting standards Remove Control Spend Remove Tax
article thumbnail

GASB Issues New Guidance on Risk Disclosures

CPA Practice

The Governmental Accounting Standards Board has issued new guidance that requires state and local governments to disclose information about certain risks. This would allow users to make informed decisions about these and to evaluate accountability.

article thumbnail

Impacts of GASB Statement Number 102, Certain Risk Disclosures

Withum

The Government Accounting Standards Board (GASB) recently issued Statement Number 102, Certain Risk Disclosures (“GASB 102”). GASB concluded that concentration and constraints should be the specific risks to be disclosed since those risks can restrict the state and local government’s ability to acquire resources and control spending.

article thumbnail

Friday Footnotes: Accounting AI Explodes; SOX Compliance Sux; KPMG Gets on a List | 6.17.22

Going Concern

VCs Target AI Accounting Startups as Companies Look to Control Spending in Uncertain Economy [ Wall Street Journal ] It’s finally happening! World-wide, startups making AI-powered accounting software amassed $233.3 Let the robot takeover commence!

Account 52