Government accounting

The Governmental Accounting Standards Board released an updated standard to improve some of the main components of the financial reporting model for state and local governments.

The Governmental Accounting Standards Board is getting ready to roll out new rules and proposals for state and local governments.

Even if a program is predominantly funded with federal dollars, there may be other sources of funds from which local governments can draw.

Failure to maintain an acceptable accounting system may result in the withholding of payments from the government to a contractor.

Crowe plans to add Belt Harris Pechacek; and PKF Smith Cooper acquired BLB Advisory.

The Top 25 Firm based in New York has added a firm headquartered in Wakefield, Massachusetts, expanding Marcum's government client base in New England.

The Governmental Accounting Standards Board released guidance requiring state and local governments to disclose information about certain risks.

The U.K.'s audit and accountancy regulator has opened an investigation into an accountant following solar farm investments made by a now bankrupt local authority.

The Chicago-based firm plans to add the federal government practice of CliftonLarsonAllen, effective Dec. 31.

Municipal bond investors and government regulators could benefit from easier access to consistent, machine-readable financial data from government bond issuers.