Cherry Bekaert’s 2019 Local Government Benchmarking Survey Now Available
It’s that time of year again: Cherry Bekaert’s Annual Local Government Survey is now open! The latest edition of our survey incorporates feedback received from the 2018 survey, and it features updated categories and questions to reflect the current and changing regulatory environment. Whether you have taken precautionary measures to safeguard against a cyber-attack or are implementing new guidance from the Governmental Accounting Standards Board, we want to know about the issues affecting your local government. Give us approximately 15 minutes of your time and complete the 8th Annual Local Government Benchmarking Survey . The Firm will also select at random five (5) survey respondents to win a. Read More.
AICPA Committee Issues Revised Exposure Draft on Independence Requirements for Governments
The Professional Ethics Executive Committee of the American Institute of Certified Public Accountants (“AICPA”) has issued a revised exposure draft on the independence requirements for state and local governments. Published as Proposed Interpretation: State and Local Government Client Affiliations (formerly Entities Included in State and Local Government Financial Statements) , the exposure draft features significant changes to the original July 2017 proposal, which aims to replace current interpretive guidance in “Entities Included in State and Local Government Financial Statements.” The AICPA is proposing the amendments to address concerns regarding an accountant’s independence on a financial statement attest client that is a state or local government entity. Since existing interpretation does not specify when accountants should review the “Conceptual. Read More.