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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?

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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. The new infrastructure aims to broaden financial inclusion, digitization transactions, and bolster government revenue.

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5 internal controls you should have implemented yesterday

DMCL

Simple yet significant, these procedures, when carried out with due diligence, help identify errors and omissions in your business operations and ensure there are no irregularities, inaccuracies or incomplete information in your funds, accounts and statements before they are relied upon for any form of reporting. Detective controls.

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Wells Fargo CEO Says Cost Controls Are Improving At The Bank

PYMNTS

In August, the bank revealed in a Securities and Exchange Commission (SEC) filing that the Consumer Financial Protection Bureau (CFPB), a government regulatory agency, is investigating if it closed accounts of customers who needed them.