The Governmental Accounting Standards Board released a new standard to improve the financial reporting for state and local ...

A landmark research study by the Governmental Accounting Standards Board has provided one of the most detailed examinations to date of how state and local governments in the United States use GAAP.

Wendy M. Payne, CPA, executive director of the Federal Accounting Standards Advisory Board (FASAB) in Washington, received the Institute’s Outstanding CPA in Government Career Contribution Award. A ...

Note: We’re tracking these changes closely and will update this piece as new developments emerge. Please feel free to reach out and share feedback or flag additional areas for review. 2025 marks the ...

The national debt recently surpassed $38 trillion, but America’s debt crisis isn’t limited to the federal government. Less well known is that, nationwide, state and local governments now hold more ...

Managing government debt is not exactly a sexy business, but Tyler Traudt will tell you there’s money to be saved if you know where to look. As co-founder and CEO of the accounting software startup ...

"If you took the president-elect at his word and he were to implement tariffs exactly as he proposed on the campaign trail, that would be a significant hit to the U.S. and global economies," said ...

The 2021 immigration surge resulted in a $9.2 billion net cost for state and local governments in 2023. While immigrants paid $10.1 billion in taxes, service costs, primarily education and shelter, ...

Wesley Bricker is leaving the SEC after serving as its chief accountant since 2016, the commission announced. Sagar Teotia, deputy chief accountant, will serve as acting chief accountant after Bricker ...