Public Pension Shortfalls in excess of $1 trillion

Study was based on 150 pension plans. http://www.businessweek.com/news/2014-06-10/u-dot-s-dot-public-pension-shortfalls-exceed-1-trillion

GASB pension reporting

This article is a reference to the AICPA white paper regarding the pension numbers. http://journalofaccountancy.com/News/201410247.htm

U.S. Department of Defense audit issues

Fierce government reports the concerns around next year's efforts for audit by department of defense. For that article see http://www.fiercegovernment.com/story/hale-dod-wont-produce-full-auditable-financial-statement-sept-30/2014-05-14?utm_medium=nl&utm_source=internal For a link to actual hearings, statements and testimony, see http://www.hsgac.senate.gov/hearings/improving-financial-management-at-the-department-of-defense

FASAB seeking comments

This is a request for an extension of time for audit standards to address the changes in long-term projections being moved from RSI to basic information. http://www.journalofaccountancy.com/News/201410059.htm

GASB hierarchy proposal

The proposal suggests a move from four categories to two.  http://journalofaccountancy.com/News/20149710.htm

2014 imperatives for Cities

Fragile fiscal health takes the number 1 slot in this report from the national league of cities.   Take a look at the identified list.
http://www.nlc.org/Documents/Find%20City%20Solutions/City-Solutions-and-Applied-Research/10CriticalImperatives-web_final.pdf

GASB published implementation guide for pensions

http://journalofaccountancy.com/News/20149524.htm