Compliance

The Financial Accounting Foundation abandoned its tradition of selecting a state auditor to chair the Governmental Accounting Standards Board.

Some smaller firms are deciding to qualify more than half of their municipal advisor principals as a sort of backup plan.

The Municipal Securities Rulemaking Board assigned muni market veterans to give input on rules and transparency related to municipal fund securities.

The council suggested the VCAP program would remain in place for issuers who need a legally binding agreement, but would become the third tier of a system that would offer two simpler options.

Public safety and jail bonds, sinking fund overfunding and variable rate bonds are the top IRS compliance and enforcement priorities for the municipal bond market in fiscal 2020.

The cloud-based debt management and reporting service hired Mark Campbell as head of western region client management.

At a bond lawyer conference, lawyers said they've seen increased interest in self-reporting.

The Treasury and Internal Revenue Service sent the final regulation to the White House Office of Management and Budget over six weeks ago.

The announcement comes after several news reports that Stephen Moore would not back down from his anticipated nomination to serve on the Fed despite growing concerns from Republican senators.

The groups plan to address advertising, defining duties for non-solicitor muni advisors and test prepping during the program.