Government accounting

The Federal Accounting Standards Advisory Board has issued new guidance on the accounting and reporting rules for federal land.

The International Federation of Accountants chose Thomas Müller-Marqués Berger as the new chair of the International Public Sector Accounting Standards Board.

Progress has not been as quick as predicted, but is expected to continue, according to IFAC and the Chartered Institute of Public Finance and Accountancy.

The White House is proposing to eliminate dozens of accounting requirements for federal contractors it considers "unnecessary and redundant."

When people think of the public accounting profession, they often don't realize that what we do can have a monumental impact on people's lives.

The executive order aims to strengthen accountability over the spending of taxpayer funds through improved oversight and coordination of grantmaking.

Government contractors are feeling the revenue effects of executive orders from the Trump administration and cuts from the Department of Government Efficiency.

The International Auditing and Assurance Standards Board posted new documents to help jurisdictions implement its recent standard on sustainability assurance.

The deal adds a Massachusetts firm that specializes in providing outsourced accounting solutions to small federal government contractors and grantees.

The Office of Management and Budget is calling for a major overhaul in how federal agencies conduct financial audits.

The Governmental Accounting Standards Board issued questions and answers to help explain certain pronouncements to stakeholders.

Chair Joel Black shares what the standard-setter is working on in a tough time for state and local governments.

The federal government's financial condition worsened by $4.7 trillion in the past year, according to a new report.

A landmark research study by GASB has provided one of the most detailed examinations to date of how state and local governments in the U.S. use GAAP.

The Governmental Accounting Standards Board made some preliminary proposals on accounting for severe financial stress and probable dissolution disclosures.

GASB released a study on utilization of GAAP among state and local governments and found all the states are using GAAP, but only about three-quarters of localities are.

Forecasting fiscal stability in municipalities is increasingly critical as public entities face unprecedented financial challenges.

The Governmental Accounting Standards Board published a post-implementation review report on GASB Statement No. 72, Fair Value Measurement and Application.

The administration fired an opening shot in an upcoming constitutional fight over his ability to unilaterally halt spending approved by Congress.

The Governmental Accounting Standards Board issued an exposure draft on how to account for transactions that occur after the date of the financial statements.