S110: What You Need to Know about Federal Financial Statements
- Room: Orange County Ballroom
- Session Number:S110
Sunday, July 17, 2022: 4:00 PM - 4:50 PM
Description
A panel of GAO, Treasury and OMB leaders discuss the federal government’s progress in the preparation and audit of consolidated financial statements (CFS). The panel also explores current actions toward improvements and their potential impact on federal agencies.
Key Take-aways
Key Takeaways:
• The preparation and audit of the CFS is underway.
• Current and planned changes in the CFS may have significant impacts on federal agencies.
Learning Objectives
Review progress in preparing and auditing the CFS and explore the potential effects of current and planned improvements on federal agencies.