News

The final rules, which take effect on July 1, 2024, contain some notable differences from ED’s proposal.

A new proposal seeks to create more time for research by reducing targeted administrative activities that require undue grant recipient time.

GASB’s latest exposure draft would provide new accounting guidance for disclosure and classification of certain capital assets. Comments are due January 5, 2024.

Congress reaches a last-minute deal to avoid a government shutdown, the Department of Education issues a final rule on financial value transparency and gainful employment, and more.

If the government shuts down, services deemed essential by the federal government will continue to operate.

NACUBO advocates for extra time to comment on the proposed overtime rule, and more.

The IRS announces a pause on processing employee retention credit claims, a CUPA-HR survey finds increased employee turnover, and more.

For organizations and institutions interested in claiming bonus amounts of federal tax benefits for clean energy and green building projects under the Inflation Reduction Act, the Treasury Department and the IRS have proposed regulations detailing the requirements, correction processes, and penalties related to the wage and apprenticeship provisions in the act.

The updated conceptual framework chapter addresses when an item should be included in or removed from financial statements.

The Department of Education publishes its top 10 audit and program review findings, NACUBO writes to the Supreme Court in support of Build America Bonds, and more.