Government accounting

The board has issued an accounting standard for governments around the world to use for reporting on retirement plans.

The ACCA, IFAC and the INTOSAI Development Initiative are teaming up on guidance on sustainability reporting and assurance for the public sector.

Whether a qualified, disclaimer or adverse opinion is given depends on the nature and scale of the problem, and some states had lots of problems.

The international public-sector accounting board released its proposed consultation paper for its strategy and work program over the next five years.

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.

The International Public Sector Accounting Standards Board hopes to find common ground for government sustainability disclosures.

A new law promises to increase the accessibility of government financial information.

Richard Eckstrom told lawmakers he had unintentionally exaggerated the state's cash position by $3.5 billion.

A marked increase in staffing shortages at auditing firms has resulted in significant setbacks to complete issuers' financial disclosures, S&P said in a report.

The board released additional information to clarify earlier guidance on how to account for subscription-based technology for state and local governments.

Private companies in the U.S. are still adjusting to the standard that took effect last year, as international standard-setters are proposing new rules for the public sector.