Archive for the Accounting Category

Looking for Tax Statistics?

Check out this Tax Statistics site from the IRS.  It includes all types of current and historical tax statistics.  The site is broken down into easy-to-follow categories like: Business Tax Statistics Personal Tax Statistics Charitable & Exempt Org Statistics Statistics by Form Many of the statistics are available in Excel format.


Read more →

Material Weaknesses in Internal Control, Federal Style

Material weaknesses in internal control are not just found in the private sector.  Check out this report released by the General Accounting Office (GAO) today: During its audit of the fiscal year 2008 CFS, GAO identified continuing and new control deficiencies in the federal government’s processes used to prepare the CFS. You can read the [...]


Read more →

New GAO Report Released

The Government Accountability Office (GAO) released the following report on July 2, 2008: Internal Revenue Service:  Status of GAO Financial Audit and Related Financial Management Report Recommendations.  GAO-08-693, July 2. http://www.gao.gov/cgi-bin/getrpt?GAO-08-693 Highlights – http://www.gao.gov/highlights/d08693high.pdf


Read more →

New Guidance from the FASB

From the Thomson Reuters Tax & Accounting CPE Training newsletter: Business Combinations and Consolidated Financial Instruments: New Guidance from the FASB The FASB has recently issued two new statements SFAS 141 (R), Business Combinations, and SFAS 160, Noncontrolling Interests in Consolidated Financial Instruments. These two statements will be critical to many future engagements since they include [...]


Read more →