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Two famous accounting scandals in 2001 and 2002 (Enron and WorldCom) would lead to the 2002 enactment of the Sarbanes-Oxley Act (SOX). SOX would replace Peer Review for public company auditors with a structure for government inspections of CPA firms. Florida was slow to enact any Peer Review legislation.
The Florida Monitor Weekly [12] is a free, electronic newsletter that is delivered to over 5,500 recipients per week. Issued every Friday, the newsletter provides policy makers, government administrators, and other interested parties with links to OPPAGA reports as well as publications by state and federal agencies, think tanks, and the media.
An example of the different treatment under cash and accrual accounting of a government's purchase of a building: Under cash accounting: The government's budget surplus decreases (or deficit increases) by the amount of cash used (or debt incurred) to acquire the building in the year the government takes ownership. After the year of acquisition ...
Despite growth, the state's nonprofit sector faces a gap between demand and funding for services, according to the Florida Nonprofit Alliance. 'Struggling to keep up': As more come to Florida ...
Tremendous economic growth is rolling like a tide toward Florida. By 2030, our state is expected to grow to a top 10 global economy. For this to happen, we will need 1.62 million people to work ...
The Florida Institute of Certified Public Accountants (FICPA) is a professional membership organization headquartered in Orlando. The FICPA represents approximately 18,500 CPAs and accounting professionals in Florida and beyond. Shelly Weir is the FICPA's president Julian Dozier, CPA, is the institute's 2022–2023 Board Chair.
Government accounting refers to the field of accounting that specifically finds application in the public sector or government. A special field of accounting exists because: The objectives to which accounting reports to differ significantly from that for which generally accepted accounting practice has been developed for in the private ...
Whether Florida's retirees are making do with the non-taxable retirement income or there’s a new class of wealthy retirees in town, SmartAsset’s data indicates the the state is still a ...