Financial reporting

The state's net position worsened to negative $189.1 billion according to the CAFR, which arrived almost 14 months after fiscal 2018 ended.

The state auditor raised questions about how the state controller reported California's OPEB liability in the report, which took 11 months to release.

Poor returns piled another $2 billion onto Chicago's pension tab, but it won't add to the already $280 million contribution spike looming next year, according to its new CAFR.

New York City Comptroller Scott Stringer received several awards for excellence in financial reporting.

State Controller Betty Yee blames the state's new digital accounting system for delaying the comprehensive annual financial report.

Glitches in California's electronic financial system are delaying annual financial reporting documents, said Controller Betty Yee.

Timely and complete accounting and financial reporting are as critical to municipal professionals as is disclosure, according to Jeffrey Previdi, GASB vice chairman. Long-standing standards and practices are being brought up-to-date to remain compatible with today's rapid-paced changes. John Hallacy hosts.

The Government Finance Officers Association honored New York City Comptroller Scott Stringer for excellence in financial reporting.

State and local governments in some cases weren’t disclosing terms of direct borrowings, private placements that exposed them to risks different from those related to other types of debt.