Public sector

The municipal securities market - Greater transparency and comparability of financial information would benefit stakeholders


Greater transparency and comparability of financial information in the muni- market would benefit stakeholders. Read more

PwC comments on the GASB's irrevocable split-interest agreement proposal


PwC encourages alignment between the GASB's and FASB's split interest arrangement guidance.

Providing Cyber Security Services to the Public Sector


The annual PwC Global State of Information Security® surveyed more than 9,700 security, IT and business executives found that the total number of security incidents detected by respondents climbed to 42.8 million this year, an increase of 48% since 2013. It is imperative that in today’s world of distributed computing and outsourced technologies, businesses and government partners continue to assess their security posture and seek more active ways to defend networks.

PwC comments on GASB's exposure draft on certain external investment pools


PwC supports the GASB's criteria for determining when amortized cost can be used for certain external investment pools.

State-owned enterprises: Catalysts for public value creation?


This report addresses the key questions which we believe are essential for a robust discussion around the active ownership and management of state-owned enterprises.

Audit Readiness Essentials: An Insider's Answers to Your Most Commonly Asked Questions


The enactment of the Chief Financial Officer’s Act (CFO Act) of 1990 and the Government Management Reform Act (GMRA) in 1994 opened a new era of financial management in the Federal government. These two laws meant that Federal Executive Agencies were required by law to prepare financial statements and have them audited by independent auditors. PwC has provided extensive internal control assessments and CFO Audit Act implementation support for two decades. We have served a number of Federal Executive Agencies by helping them succeeded with audit readiness efforts and achieve a sustainable audit opinion.

The Data Act: A Revolution in Government Technology


The DATA Act amends and augments FFATA in order to increase accountability, transparency, accessibility, quality, and standardization in federal spending data. Under the law, each federal agency will report financial and payment information in accordance with government-wide financial data standards, developed and issued by Treasury and OMB. The wide array of reports and data compilations related to spending that currently exist – financial management, payments, budget actions, procurements, grants, and assistance – can be standardized and streamlined.

PwC comments on the GASB's preliminary views on lease accounting


PwC encourages convergence between the GASB's and FASB's lease accounting proposals.

The CRO Agenda: Articulating the Value of Enterprise Risk Management


With a rise in uncertainty and an increasingly complex government mission, effective risk management has become critical to the success of federal agencies.

The CRO Agenda: The Role of the Federal Chief Risk Officer


The role of a Chief Risk Officer (CRO) has gained renewed interest within the federal government. A CRO can empower the agency to identify events that could negatively or positively impact the agency’s ability to meet its mission and objectives and to effectively manage the negative events, risks, while reaping the full benefits of the positive events, opportunities. In order to do this, the role must be established and implemented properly. PwC can help.

In brief: GASB issues fair value measurement standard


GASB's newly released Statement No. 72 prescribes how governments should define and measure fair value.