A&A news from around the web: July 8 – 12 2019

Written on Jul 09, 2019

GASB proposes guidance on Internal Revenue Code Section 457 Deferred Compensation Plans
GASB has proposed new accounting and financial reporting guidance on Internal Revenue Code Section 457 deferred compensation plans. The Exposure Draft would enhance the relevance, consistency, and comparability of accounting and financial reporting by pension plans, including Section 457 plans, and by the governments that provide benefits through those plans.

Making way for a new generation of accountants
Why is finding talented accountants and retaining them over time so difficult? The answer lies in the emergence of sophisticated automation software and artificial intelligence, as well as antiquated, industry-wide notions about what makes a good accountant.

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