Government accounting

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.

The Governmental Accounting Standards Board is focusing on advancing its digital financial reporting taxonomy.

The U.S. Defense Department failed for the seventh straight year to score a clean financial audit, highlighting the challenge of tracking the finances of a sprawling organization that has some $3.8 trillion in assets and $4 trillion in liabilities.

A new report says that federal credit programs are costing tens of billions more than stated because the federal government isn't using fair value accounting.

The International Public Sector Accounting Standards Board today issued Exposure Draft 92, Tangible Natural Resources.

The American Institute of CPAs teamed up with the National Association of State Auditors, Comptrollers and Treasurers on a joint report calling attention to the urgent need for accountants in state and local governments.

The International Public Sector Accounting Standards Board issued its updated five-year strategy and work program.