Government accounting

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.