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GASB Invitation to Comment: Financial Reporting Model Improvements – Governmental Funds

GASB Invitation to Comment: Financial Reporting Model Improvements - Governmental Funds

In early December, the Governmental Accounting Standards Board (GASB) released an Invitation to Comment on Financial Reporting Model Improvements – Governmental Funds. GASB hopes to obtain stakeholder feedback on the potential improvements to the existing financial reporting model for governmental funds. The current reporting model presents information using the...

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The BlueBird Certified Public Accountants Scholarship for Native American Accounting Students 2016 Recipient

The BlueBird Certified Public Accountants Scholarship for Native American Accounting Students 2016 Recipient

  Congratulations to this year’s scholarship recipient, Cecilia Bowsley.  Cecilia is an enrolled tribal member of the Navajo Nation and a fluent Dine speaker.  Growing up on the Navajo reservation, Cecilia led a very agrarian lifestyle, which taught her perseverance and how to be self-sufficient.  Cecilia is a junior...

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The American Gaming Association Updates Anti-Money Laundering Best Practices

The American Gaming Association Updates Anti-Money Laundering Best Practices

Anti-Money Laundering (AML) Best Practices In early December, 2015, the American Gaming Association released updates to the Anti-Money Laundering Best Practices. These updates to the Best Practices include more targeted and extensive assessment of money laundering risks, incorporation of key conclusions regarding potential risks in casinos from the Treasury’s...

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GASB Issues Proposed Guidance on Fiduciary Activities, Asset Retirement Obligations, and Pensions

GASB Issues Proposed Guidance on Fiduciary Activities, Asset Retirement Obligations, and Pensions

  GASB issued three Exposure Drafts proposing accounting and financial reporting guidelines related to fiduciary activities, certain asset retirement obligations, and pension issues. These exposure drafts were designed to improve the reporting of important activities and transactions in governmental financial statements. Fiduciary Activities:  objective is the enhance the consistency...

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