Issues with the way the U.S. Treasury

processes its consolidated financial statements.   The 33 page GAO report issued June 28, 2013 report indicates some of the concerns.   http://www.gao.gov/assets/660/655636.pdf

IRS and nerf balls

some improper payments   http://accounting.smartpros.com/x74908.xml

AICPA responding to single audit changes

And expressing the concerns http://blog.aicpa.org/2013/06/3-ways-the-new-coso-framework-may-affect-your-business.html

Some of the various changes are discussed here.
http://www.aicpa.org/InterestAreas/GovernmentalAuditQuality/NewsAndPublications/GAQCALERT/2013/Pages/GAQCAlertNo211.aspx

Materials related to the overhead myth

at this site  http://www.overheadmyth.com/?hq_e=el&hq_m=2137165&hq_l=3&hq_v=d8521fbc6e

Municipalities being scrutinized for cooking the books related to bonds

per this WSJ article.  This article generated many comments from readers related to issues of muni bond financing , culpability of players, and related matters...  http://online.wsj.com/article/SB10001424127887324659404578501241181682894.html?mod=dist_smartbrief

Americans trust local government

more than federal and state, according to a recent poll conducted by the National League of Cities.    http://americancityandcounty.com/citizen-engagement/americans-trust-local-governments-most-new-poll-finds

Almost an anniversary...new logo for GASB

the FAF is celebrating 40 years, so some changes are in store..... http://accounting.smartpros.com/x74779.xml