Consider Interim Financial Reporting for Faster Year-End Reporting

March 2011
Governmental GAAP Update Service;3/30/2011, Vol. 11 Issue 6, p1
Trade Publication
The article focuses on the use of interim financial reporting for government year-end reporting. It states that interim financial reports, which either semiannually or quarterly produced, can be an essential tool for a government. It says that though the report takes time to make and may not include all of the information in a comprehensive annual financial report, it could be an approach to streamline the process of year-end financial reporting and may improve internal controls.


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