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114419 1 (1981-02-01)

handle is hein.gao/gaobacutt0001 and id is 1 raw text is: A7/9 ACCOUNTING NEWS February 1981 Federal Accounting and Financial Reporting Principles and Standards Single Audit Steering Committee Tracking Funds to Grant Recipients 10th Annual Financial Management Conference Railroad Accounting Principles Board Federal Government Executive Committee of the AICPA National Council on Governmental Accounting AICPA Committee on Relations with Federal Energy Regulatory Commissions Governmental Accounting Standards Board GAO issued its third exposure draft on the conceptual framework......................p. 1 An intergovernmental Single Audit Steering Committee has been organized to facilitate the implementation of the single audit approach.................p. 1 JFMIP is initiating a study of the capability and feasibility of tracking Federal assist- ance...........................p. 2 JFMIP is sponsoring its tenth annual Financial Management Conference on March 23, 1981...p. 2 Arthur L. Litke was designated by the Comptroller General as GAO's liaison for the Railroad Accounting Principles Board....p. 3 At its December meeting, the Committee approved publica- tion of a booklet to help CPA's who are considering Government service .............p. 3 At its December 10-12, 1980, meeting NCGA approved for release 3 discussion memorandums....................p. 4 Several issues of general interest were discussed at the December, semi-annual meeting........................p. The GASB Organization Committee agreed to issue an exposure draft of its report..................p. 4 5 This report is prepared by the Accounting and Financial Management (AFM) Division. It is intended to help keep managers abreast of accounting matters that are of concern to professional organizations. Matters included in this report were topics of discussion at recent professional conferences or meetings attended by AFM Division repre- sentatives or were topics that were brought to the AFM Division's attention as part of its official liaison respon- sibility with professional accounting organizations.

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