OMB and HUD Guidance in Response to COVID-19 Pandemic

With the novel Coronavirus (COVID-19) now affecting the operations of governmental entities, not-for-profit organizations, and other recipients of federal award programs, the Office of Management and Budget (OMB), the Department of Housing and Urban Development (HUD), and the Department of Education (ED) have, in response, issued guidance on the easing of due dates and certain [...]


Governments are continuing to identify new avenues to borrow and are diversifying their debt-issuance practices. One of the newer trends in governments is direct borrowing from banks. These borrowings have led some users of the financial statements to have some concerns about the level of disclosure provided in the notes to the financial statements. Inconsistency [...]

2019-05-02T16:41:01-04:00May 1st, 2019|GOVERNMENTS|