Government accounting

The board floated a proposal to set requirements for some types of capital assets to be disclosed separately for purposes of note disclosures.

The board wants to improve the guidance for the management's discussion and analysis section of reports by federal agencies.

The board added a project to deal with issues related to subsequent events for state and local governments.

Forvis added Thales Consulting; and RSM South Africa merged in Ngubane Johannesburg.

The Governmental Accounting Standards Board released implementation guidance to clarify, explain and elaborate on its GASB statements, using a series of questions and answers.

Joel Black talks about upcoming guidance to help state and local governments as they struggle to maintain enough revenue.

The Defense Department overstated the value of weapons sent by $2.6 billion in fiscal 2022 and $3.6 billion in fiscal 2023.

The pace of issuance and implementation of new GASB statements continues to accelerate.

The board is adding a major project on accounting and financial reporting for infrastructure assets to its technical agenda.

Isn't it reasonable to expect that state governments' financial reporting have full accountability and thus, receive clean audit reports? Often, they do not.