In Brief Governments often hold equity interests in legally separate entities that are utilized to deliver government services, sometimes through cooperative ventures, or for investment…
ICYMI | The Fight of a Lifetime
Telling It Like It Is on the National Debt
In Brief Joseph DioGuardi, the first practicing CPA elected to Congress, defined his career by advocating for financial accountability and fiscal responsibility from the U.S.…
CPAs often engage in conversations with others about the United States' financial condition. These conversations can be part of a CPA's practice or they may…
The Fight of a Lifetime
Telling It Like It Is on the National Debt
In Brief Joseph DioGuardi, the first practicing CPA elected to Congress, defined his career by advocating for financial accountability and fiscal responsibility from the U.S.…
Envisioning the Future of Government Reporting
Looking Back to Move Forward
In Brief Government accounting has come a long way in the past several decades, in large part due to the efforts of GASB. But the…
XBRL Reporting by State and Local Governments
Changes on the Horizon
The development of Extensible Business Reporting Language (XBRL) in the corporate sector, the demand for better state and local government reporting, legislation at the national…
Opportunities and Challenges of Real-Time Financial Reporting
Adoption Models for State and Municipal Governments
In Brief This article reviews the implementation of real-time reporting by state and municipal governmental units as a model for analyzing these emerging technologies. While…
Should CPA students no longer have to learn the basics of government accounting? According to a new AICPA exposure draft, Maintaining the Relevance of the…
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…