Mar 31, 2025

Mar 26, 2025

Accounting Bodies Advocate for More Clarity in California Climate Risk Disclosure Rules
Mar 26, 2025

Former Chancellor of the Exchequer is wrong about the future of the profession
Mar 25, 2025

AICPA Responds to Proposed Regulations under SECURE 2.0
Mar 25, 2025

AICPA Offers Post-Filing Advice – Learn from Your Tax Return
Mar 24, 2025

CBO

As ordered reported by the House Committee on Ways and Means on February 26, 2025

In 2023, the State Department's processing of passport applications took weeks longer than usual. As a result, some people had to change or cancel travel plans. Causes of the delays included a record number of applications as well as staff shortages stemming from a 2017 hiring freeze. To resolve the backlog, State required passport staff to work up to 24 hours of overtime per month...

Small Business Pilot Program:
SBA Has Opportunities to Evaluate Outcomes and Enhance Fraud Risk Mitigation
GAO-25-107067
Published: Mar 27, 2025 . Publicly Released: Mar 27, 2025According to the Small Business Administration, minorities, women, tribal, and other communities have faced barriers to accessing grants, loans, and training to start and grow businesses. In 2021, SBA launched the Community Navigator Pilot Program, partnering with local organizations to broaden access to these resources. SBA data suggests the program served a higher proportion of these groups compared to other SBA business assistance programs. But...

U.S. and foreign banking regulators work together to develop international capital standards for large banks through the Basel Committee on Banking Supervision. The Committee issued final Basel III standards in 2017 and 2019. U.S. regulators and the Committee aimed to limit variability in the way banks calculate risks under the capital standards to produce more comparable measures. U.S. regulators also aimed to better align the...

Some federal grant recipients pass some of their award funding to subrecipients. However, there have been issues with the completeness and accuracy of information about these subawards. This can make it challenging to track where subaward funds are ultimately spent. While grant recipients are responsible for overseeing their subawards, federal agencies must ensure that they are effectively doing so. This includes reviewing audit findings and...

Federal agencies must address the risks and challenges that come with their move to cloud computing. What lessons can they learn from the private sector? We surveyed 18 companies about their practices in areas that pose key cloud computing challenges: acquisition, cybersecurity, and workforce development. The companies shared 19 leading practices in these areas, such as negotiating clear terms and agreements for cloud services and...

The Office of Personnel Management's Pathways Programs serve as a pipeline for bringing young employees into the federal government. But the programs have seen a 64% decrease in the number of hires since FY 2013. Although efforts have increased the number of hires, OPM should do more to improve the programs, including: Getting more data on year-to-year hiring fluctuations Collecting feedback from program participants Looking...

U.S. ports are critical to the economy, handling trillions of dollars in trade each year. Protecting them from natural disasters like floods and hurricanes is key to ensuring goods can move reliably through the supply chain. Federal agencies offer funding to improve ports' natural disaster resilience. But the amount of funding used specifically for resilience-related projects at ports is unknown. Each port has primary responsibility...

The Federal Deposit Insurance Corporation insures over $10 trillion in deposits and protects your money if your FDIC-insured bank fails. We audit and issue opinions annually on financial statements of FDIC's insurance funds and on related internal controls (e.g., processes to reasonably assure that transactions are properly authorized and recorded). We found the statements were reliable and controls over financial reporting were effective in 2024.

GASB