Members of the financial industry, state revenue tax agencies, the National Automated Clearinghouse Association, and the Internal Revenue Service have banded together to combat identity theft and prevent fraud by making recommendations on naming conventions for ACH tax refunds.
During the hearing, the comptroller general stressed the need to involve the state audit community in addressing improper payments in the Medicaid program.
The U.S. Government Accountability Office has released its audit of the U.S. government’s consolidated financial statements for fiscal years 2017 and 2016, finding that much work remains to improve federal financial management.
The Board of Trustees of the Financial Accounting Foundation has announced the appointment of Kathleen L. Casey, Jeffrey L. Esser, and David C. Villa to the FAF Board of Trustees, effective January 1, 2018.
NASACT President and Tennessee State Treasurer David H. Lillard, Jr., recently welcomed state finance officials from around the nation to Nashville, Tennessee for the association's 102nd annual conference. Over 500 were in attendance, a record for recent history.
As my tenure is coming to a close, I want to leave you with one particular observation, and that is the importance of being active.
The National Federation of Municipal Analysts has released a draft white paper on â€œGeneral Obligation Bond Payment Protections: Statutory Liens and Related Disclosure.â€ The NFMA addressed this topic in a white paper â€œto call attention to the lack of uniform, transparent and clear disclosure of the payment sources and security protections affordedâ€ to the holders of general obligation debt.
The National Association of State Budget Officers has released a new report on the general view of state government fiscal health. NASBO found that most state budgets continue to grow at a moderate pace after several years of slow recovery following the Great Recession. However, the progress has been uneven across states, and long-term spending pressures remain in areas such as health care, education, pensions and infrastructure...
With assistance from the American Association of Retired Persons, the National Association of State Retirement Administrators recently completed a comprehensive review of state pension reforms since the Great Recession. The report, Significant Reforms to State Retirement Systems, found this to be the greatest period of change in the history of public pensions...