Tag Archives: consolidated financial statements

Did You Know the Government Gets Audited, Too?

Tax season has many people diligently filing their returns to avoid being audited. While the federal government is not a tax-paying entity, it actually undergoes an audit of its financial statements every year. How do we know? Because we perform … Continue reading

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U.S. Government’s Financial Report

Did you know that there’s a single document that contains nearly all of the federal government’s yearly financial information? It’s called the 2017 Financial Report of the United States Government and the Department of the Treasury published it today. Treasury, … Continue reading

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Impediments to an Audit Opinion on the Government’s Financial Statements

The Secretary of the Treasury, in coordination with the Director of the Office of Management and Budget, annually consolidates individual agency financial statements to provide a comprehensive overview of the federal government’s finances. GAO is required to audit the consolidated … Continue reading

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