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Financial Reporting

Latest Headlines

Latest Headlines

IRS has cybersecurity material weakness, says GAO

Gaps in Internal Revenue Service cybersecurity controls cumulatively rise to the level of a material weakness in internal controls over financial reporting, says the Government Accountability Office

Real time déjà vu in financial management reform hearing

Late last month, it was remarkably easy to feel déjà vu when the subject of real-time federal financial reporting came up. Rep. Todd Platts (R-Pa.), chairman of the House oversight and

Companies meet deadline to file SEC data online

The Securities and Exchange Commission is leading the way for public companies to submit financial statements in an interactive data format. The new requirement went into effect June 15 on the