August 27, 2012
FAF Reviews GASB Deposit and Investment Risk StandardsFAF Reviews GASB Deposit and Investment Risk Standards
The Financial Accounting Foundation recently launched a post-implementation review of GASB Statements 3 and 40 and requests feedback from preparers at public institutions on deposit and investment risk disclosure requirements.

AICPA Requests Comments on Updated Not-for-Profit Audit and Accounting Guide

For the first time in more than 15 years, the AICPA has drafted an overhaul of the Not-for-Profit Entities Audit and Accounting Guide to address many new accounting issues that have emerged. The AICPA seeks feedback on the proposed changes.

CBO Warns of Potential Economic Downturn

If Congress fails to address a number of expiring tax provisions, sequestration, extension of emergency unemployment benefits, and reductions in Medicare physician payments, the economy would enter a downturn next year, according to the Congressional Budget Office.

Distance Learning

Two new webcasts explore issues that many campuses are struggling with today. Join us on Thursday, October 4 for "Higher Education Analytics and Data Driven Decisions," to learn how predictive analytics are driving institutional performance and how this data can be used most effectively. Examine the complexities of hiring local employees during the webcast "Hiring for a Global Campus-Why a Textbook Approach Won't Work." The session hosted on Thursday, November 8 will feature key risk areas and proactive steps administrators can take when hiring overseas.



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