Government accounting

The federal government's financial condition worsened by $4.7 trillion in the past year, according to a new report.

A landmark research study by GASB has provided one of the most detailed examinations to date of how state and local governments in the U.S. use GAAP.

The Governmental Accounting Standards Board made some preliminary proposals on accounting for severe financial stress and probable dissolution disclosures.

GASB released a study on utilization of GAAP among state and local governments and found all the states are using GAAP, but only about three-quarters of localities are.

Forecasting fiscal stability in municipalities is increasingly critical as public entities face unprecedented financial challenges.

The Governmental Accounting Standards Board published a post-implementation review report on GASB Statement No. 72, Fair Value Measurement and Application.

The administration fired an opening shot in an upcoming constitutional fight over his ability to unilaterally halt spending approved by Congress.

The Governmental Accounting Standards Board issued an exposure draft on how to account for transactions that occur after the date of the financial statements.

The Governmental Accounting Standards Board is focusing on advancing its digital financial reporting taxonomy.

The U.S. Defense Department failed for the seventh straight year to score a clean financial audit, highlighting the challenge of tracking the finances of a sprawling organization that has some $3.8 trillion in assets and $4 trillion in liabilities.