Public finance

With inflation reaching a 40-year high, consumers are feeling its cascading effects, and internal auditors should probably start keeping tabs on inflation risks as well.

These are critical tools for the accounting firms of the future, and the services they want to bring to clients.

Accounting gimmicks may be needed to keep the federal government from defaulting.

The administration is looking for big money from a higher corporate tax rate and better IRS enforcement.

There's a lot more to think about than just organizing their financial reports and getting their bills paid.

Given the turbulence of the past year, agility should be at the forefront of our minds when building a budget and strategy for 2021.

The better planned the job is, the better organized it is and the better it gets done.

The proposal involves how to define the criteria for the component units in pension plans and deferred compensation plans for state and local government employees.

The number of countries reporting their financial positions on an accrual basis is expected to increase from 37 to 98 by 2023, according to a new report.

Argentina may be in deep financial trouble, but its central bank is comfortably back in the black — thanks to a small accounting maneuver.

The $284.7 million budget is an approximately 4 percent increase over 2019.

The 50 states have accumulated a combined $1.5 trillion in debt related to pension and other post-employment benefits, while elected officials claimed balanced budgets.

Move to a rolling forecast, and spend more time relaxing.

Truth in Accounting wants pension and retirement benefit costs included in state and local government reporting.

A city task force has restored nearly $40 million in unreconciled cash accounts that was driven largely by duplicate debt service entries.

House Republicans unveiled a 2019 budget proposal Tuesday to send a message to their core supporters that repealing Obamacare, cutting taxes and partially privatizing Medicare remain high on their agenda.

The Governmental Accounting Standards Board has released implementation guidance with questions and answers to explain and elaborate on some of its recent standards.

Illinois residents could enjoy lower taxes if their squabbling leaders tackle the debt-riddled state’s biggest problem — its massively underfunded pension system. But that’s a big if.

Lawmakers are on the cusp of settling on a $1.3 trillion bill to avoid a government shutdown this weekend after reaching compromises on a fix to the tax law and other issues.

I speak to a lot of CFOs who are bumping up against the constraints of spreadsheets for building and maintaining their annual budgets.