Selected Federal Government
Selected Federal Government Reporting Challenges
Financial and Performance Reporting
- long-range fiscal challenges (e.g., per capita burden, sustainability, intergenerational impact)
- “trust funds” (e.g., restricted vs. unrestricted revenues, intra-governmental obligations)
- DOD assets, liabilities, and contingencies
- performance reporting
- Summary annual report
Audit Reporting
- system of internal control
- financial vs. performance vs. other information
- Restatements
- Beyond “going concern” opinions (e.g., broken business model)
