FedAccountant.com

Audit

Audit in the federal space has run full circle from strictly compliance, to efficiency and effectiveness, on to accountability and proprietary reporting.  Finally the doors are open for clear communication on what the federal government’s missions are and how they should be communicated and accounted for in the financial reporting arena.  While proprietary accounting works well for the commercial entities, with stakeholders including shareholders, banks, investors, and the federal government itself; this type of accounting is often of little use for the stakeholder s of the federal government.   Through controlled policy change and user based solutions, the federal government will move into the next decade as the world leader in efficiencies in accountability.  FedAccountant.com provides the resources, insights, and recommendations for the transition that is just beginning to take place.

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Accounting and Auditing Policy Committee (AAPC)

Auditnet

Federal Accounting Standards Advisory Board (FASAB)

Federal Audit Clearing House

Governmentwide Accounting Project Group (GWA)

IGNET

International Organization of Supreme Audit Institutions (INTOSAI)

Treasury Financial Management Service (FMS)