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GASB seeks academic expert on public accounting

GASB seeks academic expert on public accounting
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United statesJoel blackDavid vaudtDianne rayJamese brownMichaelh granofFinancial accounting foundationUniversity of texasGovernmental accounting standardsProfessor michaelColorado state auditor dianne rayChairman david vaudtCertified public accountantஒன்றுபட்டது மாநிலங்களில்ஜோயல் கருப்புடேவிட் வாட்

Congress should be required to vote yearly on an all-inclusive budget

© iStock The Treasury Department has issued its annual Financial Report of the United States Government for the past fiscal year. In contrast to the annual financial reports of state and local governments, it is remarkably forthright, explicitly asserting in text and charts why the federal government will not be fiscally sustainable over the next 75 years. Yet it is missing one financial statement that is required of state and local governments: a comparison of actual to budgeted revenues and expenses. Although a mandate to provide such a statement may appear to be nothing more than a technical accounting enhancement, it could, in fact, be a key means of imposing federal fiscal discipline holding Congress and the president accountable for the outcomes of their policy decisions.

Michaelh granof