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Fiscal transparency refers to the publication of information on how governments raise, spend, and manage public resources. More specifically, it means publication of high quality information on how governments raise taxes, borrow, spend, invest, and manage public assets and liabilities.
The Digital Accountability and Transparency Act of 2014 (DATA Act) is a law that aims to make information on federal expenditures more easily accessible and transparent. [1] The law requires the U.S. Department of the Treasury to establish common standards for financial data provided by all government agencies and to expand the amount of data ...
Federal Funding Accountability and Transparency Act of 2006 as enacted in the US Statutes at Large; S.2590 on Congress.gov; WashingtonWatch.com – P.L. 109–282, The Federal Funding Accountability and Transparency Act of 2006 Archived 2008-12-04 at the Wayback Machine information on the bill, including estimated cost per person
A significant part of the data in the financial statements is presented according to Israeli Government Accounting Standards and IPSAS, but the statement of assets does not represent all the assets held by the State of Israel. Italy – Italy is moving towards an accrual accounting system. As required by the Reform 1.15 of the National Recovery ...
A transparency report is a statement issued semesterly or annually by a company or government, which discloses a variety of statistics related to requests for user data, records, or content. Transparency reports generally disclose how frequently and under what authority governments have requested or demanded data or records over a certain ...
The Budget and Accounting Transparency Act of 2014 is a bill that would modify the budgetary treatment of federal credit programs. [1] The bill would require that the cost of direct loans or loan guarantees be recognized in the federal budget on a fair-value basis using guidelines set forth by the Financial Accounting Standards Board. [1]
The Generally Accepted Government Auditing Standards (GAGAS), commonly referred to as the "Yellow Book", are produced in the United States by the Government Accountability Office (GAO). The standards apply to both financial and performance audits of government agencies. Five general standards are included: Independence; Due care
Truth in Accounting (TIA), formerly known as the Institute for Truth in Accounting, is a nonpartisan American think tank that promotes fiscal transparency and accountability through improving the accounting standards the government uses which are different than the standards they require of corporations.