The CAS Board published a final rule on July 8, 2026, rescinding CAS 408 and 411 and most provisions of CAS 404 and 409 to align with GAAP. The rule became effective on August 7, 2026, and the CAS Board determined that GAAP sufficiently protects government interests for these standards. On August 20, 2026, the…
The Treasury Inspector General for Tax Administration assessed the IRS information security program as ineffective for the second year in a row. A report dated September 15, 2026, revealed that six of seven sampled systems had critical vulnerabilities left unfixed beyond the 30-day limit. The agency also reported 841 privileged service accounts operating outside its…
The Federal Chief Information Security Officer's Council will host a governmentwide tabletop exercise in early November to test resilience against AI-enabled cyber attacks. Acting federal CISO Mike Duffy stated the event aims to ensure agencies have the necessary capabilities and processes to respond to evolving threats. Duffy noted that cyber attacks using artificial intelligence increased…
The Bureau of the Fiscal Service's Office of Information Technology awarded a one-year contract for Red Hat subscriptions and support. SDVO Solutions, LLC received the $2,412,044.40 award through the NASA SEWP vehicle. The contract was set aside for service-disabled veteran-owned small businesses, with three bidders participating in the competition. Read the full story at orangeslices.ai….
The American Institute of CPAs released a practice aid titled Artificial Intelligence (AI) Considerations for Financial Statement Auditors. The guidance helps auditors evaluate how artificial intelligence affects financial reporting and audit processes. It covers risks such as data quality issues, model risks, and hallucinations introduced by AI systems. The document also outlines how audit firms…
The ICANN Board Audit Committee met on 6 October 2026 to review the FY26 audited consolidated financial statements. The independent audit firm issued an unmodified opinion, confirming the statements are free from material misstatement and comply with U.S. Generally Accepted Accounting Principles. Staff reported FY26 funding of US$174 million and expenses of US$193 million, resulting…
Sen. Ron Wyden called on the Cybersecurity and Infrastructure Security Agency and Office of Management and Budget to implement Encrypted Client Hello across federal websites. He identified at least 350 sites lacking this protection, which secures the specific website name during data transmission. Wyden warned that exposed website names could allow hackers to identify whistleblowers…
DoW – Letter to the Defense Industrial Base and Acquisition Stakeholders 15th October 2026 On July 31, 2026, the DoW published a letter to the Defense Industrial Base and Acquisition Stakeholders suggesting the implementation of common-sense contract accounting changes.
The Office of the Inspector General reported that 46 percent of sampled Social Security overpayment notices failed to comply with policy. The audit, report 152407, reviewed 126 notices from fiscal year 2023 and found defects such as missing waiver rights or incorrect amounts. The agency projects that 469,040 noncompliant notices were issued across the program….
The Town of Walworth has released a preliminary 2027 budget that projects a 9.5 percent increase in the combined general and highway tax rate despite a reduction in overall spending. The plan calls for $7.72 million in expenditures, down from $8.10 million in 2026, while property tax collections would rise by approximately $234,000. The increase…