Federal financial management experts say OMB’s update to how agencies and auditors complete federal financial statements has been a long-time goal.

Spending records show that the federal government sets aside hundreds of millions of dollars for Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers, the “Big Four” of the accounting world, to ...

OMB’s memorandum is a major step forward. It recognizes that modern financial reporting must serve the public interest, not ...

The Office of Management and Budget is calling for a major overhaul in how federal agencies conduct financial audits.

President Donald Trump's administration is pausing over $6 billion of congressionally-appropriated federal funding for ...

Fostering public trust requires robust rules on how the technology is authorized, tested, disclosed, and overseen.

As hurricane season bears down, a new layer of uncertainty is spreading through the disaster response system: a wall of ...

As such, the OMB memo said it has added an amended rule that allows agencies to evaluate the anticipated impact of a PLA on its ability to conduct a competitive search for a contractor. The ...

Office of Management and Budget Director Russell Vought joins 'Closing Bell Overtime' to talk the passage of President ...

After-school programs, English-learner services, migrant education programs, and professional development are all at risk.