Change has always been a constant for public sector organizations. But a new reality has dawned over the last several years: Anyone who bets against an acceleration in the pace of change is bound to be caught off guard.
NASACT is pleased to announce the 2017 inductees into the NASACT Hall of Fame: Robert Attmore, Harlan Boyles and Harvey Eckert.
GAO noted that the new Yellow Book will include a big change in the peer review area specifically with organizations that are not affiliated with a recognized organization. For these organizations, there are several additional peer review requirements.
The board of trustees of the Financial Accounting Foundation today appointed Kristopher E. Knight, Delaware's deputy secretary of state and director of the state's Division of Corporations, to a five-year term on the Governmental Accounting Standards Board GASB. The FAF also reappointed veteran governmental auditor James E. Brown to a second term on the GASB.
The extensive data required to be disclosed by Statement 77, along with national media attention on each new announcement by the White House, will drive greater demand for transparency and accountability from governments on the use of tax abatements and their impact on other programs and priorities.
NASACT recently made a few changes to the webinar attendance and CPE verification process. We think you will be pleased! We have taken a manual, paper-based process and converted it to one that is completely electronic.
NASACT recently joined the American Institute of Certified Public Accountants, the Council of Governmental Relations and National Association of College and University Business Officers to sign a letter outlining concerns over the U.S. Department of Education audit requirements pertaining to Title IV funds.
State auditors representing states across the country met on November 30 with the U.S. Government Accountability Office, U.S. Office of Management and Budget and several federal agencies to discuss current efforts to reduce improper payments and how state auditors can play a pivotal role in tackling the issue.
Van Daniker was a relentless advocate of government accountability. In his roles as a professor of government accounting at the University of Kentucky and as executive director of both NASACT and the Association of Government Accountants, he suggested dozens of initiatives to motivate and encourage students and government officials to promote excellence in public sector finance.
Few would dispute the potential payoffs of modern analytics -- Âintegrating data, analyzing it in new and innovative ways, and then making data-driven insights available in a fast and actionable format. In Accenture's view, analytics is key to fulfilling the transformation we think governments should make.
NASACT is creating a new work group to discuss issues surrounding implementation of the U.S. Office of Management and Budgetâ€™s final guidance implementing changes to uniform administrative requirements, costs principles, and audit requirements for federal awards (â€œUniform Guidanceâ€).
The Governmental Accounting Standards Board has issued a survey to research the effectiveness of indicators of severe financial stress of state and local governments. The survey is intended to gather feedback on these broad questions...
On May 18, 2016, NASACT provided a response to the Leases exposure draft from the Governmental Accounting Standards Board. On June 29, during the GASB public hearings, Alan Skelton, state accounting officer of Georgia, provided testimony on behalf of the association on the Leases ED. Mr. Skelton is also NASACT's representative on the Governmental Accounting Standards Advisory Council...
NASACT and the National Association of State Treasurers recently released â€œVoluntary Guidelines for the Management of Stable Net Asset Value Local Government Investment Pools.â€