Selected Federal Government Reporting Challenges

• Financial and Performance Reporting

  • long-range fiscal challenges (e.g., per capita burden)
  • “trust funds” (e.g., restricted vs. unrestricted revenues, intra-governmental obligations)
  • DOD assets, liabilities, and contingencies
  • performance reporting

• Audit Reporting

  • system of internal control
  • financial vs. performance vs. other information