6 days agoNew Mexico DFA Unveils GASB Compliance Resources for Government Entities
The New Mexico Department of Finance and Administration (NMDFA) has launched resources to aid state and local governments in adhering to updated GASB standards. These materials will influence procurement practices, particularly in contract management and vendor reporting, by enhancing financial reporting accuracy and transparency.
20 days agoHouse Passes Legislation to Strengthen Federal Payment Controls Against Fraud
The House of Representatives has enacted legislation to improve payment-layer controls across federal programs, aiming to mitigate fraud and improper payments. Despite these advancements, the lack of a statutory verification requirement raises concerns about safeguarding federal funds.
76 days agoCanada Boosts Action Against Procurement Fraud with Stronger Enforcement Measures
Public Services and Procurement Canada is intensifying actions against procurement fraud, recovering nearly $4.8 million in improper billing. The Royal Canadian Mounted Police are involved in investigating multiple cases, highlighting government efforts to enhance procurement integrity and accountability across federal contracts.