Government accounting

Failure to maintain an acceptable accounting system may result in the withholding of payments from the government to a contractor.

Crowe plans to add Belt Harris Pechacek; and PKF Smith Cooper acquired BLB Advisory.

The Top 25 Firm based in New York has added a firm headquartered in Wakefield, Massachusetts, expanding Marcum's government client base in New England.

The Governmental Accounting Standards Board released guidance requiring state and local governments to disclose information about certain risks.

The U.K.'s audit and accountancy regulator has opened an investigation into an accountant following solar farm investments made by a now bankrupt local authority.

The Chicago-based firm plans to add the federal government practice of CliftonLarsonAllen, effective Dec. 31.

Municipal bond investors and government regulators could benefit from easier access to consistent, machine-readable financial data from government bond issuers.

Pentagon officials nonetheless claimed significant progress in tracking its assets and correcting hundreds of deficiencies in its accounts.

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.