In Brief The U.S. federal government's own financial reporting paints a picture of an “unsustainable fiscal path.” The projections from the Treasury Department and Government…
A True Portrait of America’s Finances
Analyzing the Federal Government’s Fiscal Year 2018 Financial Statements
In late March, the U.S. Department of the Treasury issued the fiscal year 2018 financial report for the U.S. government. The report had some bad…
The New Yellow Book
What CPAs Need to Know
In Brief The Government Accountability Office recently released a new version of Government Auditing Standards, also known as the Yellow Book. The revised version has been…
Why have so many state and local governments accumulated massive debts, even as they claimed to balance their budgets every year? Political math. Wait, how…
Gene L. Dodaro, Comptroller General of the United States and head of the Government Accountability Office (GAO), serves as the chief auditor for the federal…