Elon Musk of the Department of Government Efficiency has sought to find $1 trillion or $2 trillion to cut from the federal budget. That is a noble target, but neither Mr. Musk nor anyone in the ...

The Department of Defense (DoD) has failed every audit since 2018, costing taxpayers over $1 billion each year, marked by "disclaimers of opinion," along with thousands of formal “notices of findings ...

The Federal Accounting Standards Advisory Board (FASAB) issued a proposal Wednesday that would modify the definition of earmarked funds in Statement of Federal Financial Accounting Standards (SFFAS) ...

For more than 30 years, U.S. government agencies have published corporate-style financial statements with relatively little change in their look and feel. In what now could be considered a ...

The Federal Accounting Standards Advisory Board (FASAB) issues an exposure draft, Accounting for Fiduciary Activities ( www.fasab.gov/pdf/trustf1.pdf ). The proposed ...

As part of its activities, the FFC periodically publishes reports that have been prepared by committees of government employees. Since these committees are not appointed by the NRC, they do not make ...

For more than 30 years, U.S. government agencies have published corporate-style financial statements with relatively little change in their look and feel. In what now could be considered a ...