Browsing: budgets

Questions about GASB Statement No. 103 repeatedly centered on three topics during the GASB 103 & Beyond: Key Updates for Public Sector Entities webinar from Forvis Mazars: subsidies and transfers, budgetary comparison information, and proprietary fund presentation. Together, these topics accounted for 39 of the 51 attendee questions.

CANADIAN accounting firms are moving toward a consequential new stage of automation. Canadian Accountant’s September 2 article on AI Digital Employees describes systems that can take responsibility for defined elements of accounting work rather than simply answer prompts. That shift can produce major productivity gains, but it changes the governance question. Firms now need to decide…