FEI Weekly Podcast

Governments vs. The League Of Extraordinary Accounting Measures

May 10th, 2023  •  39 mins 31 secs  •  Download (54.4 MB)  •  Link with Timestamp

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As the US slips closer – again – to the threat of default, one of the ways policymakers talk about delaying the crisis is the use of “extraordinary accounting measures.”
We quickly jump into why extraordinary accounting measures is not really "a thing", how the federal and looming economic crisis will affect state and local government and we also get into the weeds of how governments on adopting XBRL for financial reporting.