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The Federal Data Transparency Act and Your Local Government Agency

LSLCPAs

It is another step in digitizing data coming on top of the Federal Funding Accountability and Transparency Act (FFATA) of 2006, the Data. The post The Federal Data Transparency Act and Your Local Government Agency appeared first on LSL CPAs.

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Top Pension Funds Saw Largest Fall in Assets in 20 Years

CPA Practice

In 2022, sovereign and public sector pension funds accounted for 152 funds in the top 300, representing 70.9% Sovereign pension funds accounted for $6.2 trillion in assets, while sovereign wealth funds totaled $11.6 Sovereign wealth funds’ assets grew by 13.9% The top 20 funds accounted for 41.5%

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5 Key Factors to Consider when Selecting and Implementing an ERP system

Cherry Bekaert

When we hired Cherry Bekaert for our ERP implementation, they were extremely useful because they understood the business of government accounting, governmental operations, and nuances like fund accounting,” stated Yates. They weren’t making blind assumptions about our business.

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Attention, Soon-to-be-Accountants: Governments Need You

CPA Practice

By Girard Miller, Governing (TNS) S&P Global Ratings recently withdrew its credit ratings on 64 local governments after they failed to file financial updates on time because of staff shortages and delayed audits. So what’s changed in the supply chain for governmental accountants? Or is something else going on?

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RTP Picks Up Pace With Corporates, While CBDCs Raise Banker Doubts

PYMNTS

Modern Treasury Raises Funding To Accelerate B2B Payments. With $38 million in fresh funding , accounts payable (AP) solution provider Modern Treasury is looking to further accelerate B2B payments. RTP already accounts for more than 6 percent of Modern Treasury volume.”. Noting that more than $18.5

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5 internal controls you should have implemented yesterday

DMCL

, internal controls are mechanisms to identify, control, and reduce the risks to your business which may arise from a failure to comply properly with laws, regulations and best practices in your accounting and financial reporting. Detective controls. Reconciliation.

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Wells Fargo CEO Says Cost Controls Are Improving At The Bank

PYMNTS

12) that the company is improving its cost controls in relation to revenue as it claws its way out of its fake account scandal. The Wells Fargo CEO did say that management changes, internal reviews and other measures have been ongoing since the fake account scandal came to light.