In an effort to bring attention to the federal government and its miscalculated budget, this week the Chicago think tank Truth in Accounting (TIA) will be releasing its federal project. Over the past ...

Elon Musk of the Department of Government Efficiency has sought to find $1 trillion or $2 trillion to cut from the federal budget. That is a noble target, but neither Mr. Musk nor anyone in the ...

The Federal Accounting Standards Advisory Board (FASAB) issued a proposal Monday that would change lease accounting for federal government entities. Proposed Statement of Federal Financial Accounting ...

Once you receive a federal grant from any agency, you can expect to fill out a slew of documents, maintain careful records during the cycle of your grant and document all the programs and procedures ...

A basic principle of accounting is that net operating losses are subtracted from retained earnings and thus from capital. If the losses are big enough, capital goes negative, your liabilities exceed ...

It’s final. The Pentagon and other agencies whose programs draw from highly classified budgets may withhold certain numbers from standard-format financial statements, an accounting authority announced ...

The Federal Accounting Standards Advisory Board is looking for input on a proposed interpretation of the federal financial accounting standards for debt cancellation. The proposed interpretation would ...

The National Taxpayers Union Foundation issued a report Friday saying that federal credit programs are costing taxpayers tens of billions of dollars more than estimated because the federal government ...

As Congress again considers preventing the interest rate on federal student loans from doubling, the cost to taxpayers should be a central issue. However, the federal government’s accounting practices ...

The Heritage Foundation has conducted two separate studies that both reach the same conclusion: Federal employees are paid substantially more than comparably skilled private sector workers. Defenders ...

The Federal Accounting Standards Advisory Board (FASAB) and the Accounting and Auditing Policy Committee (AAPC) have proposed implementation guidance for federal-entity accounting standards and ...