Regulatory and Standards
Chronically Late Municipal Bond Audits Further Delayed in FY 2018
By Richard Ciccarone
January 13th, 2020
Every year since 2007, Merritt Research Services1 (Merritt Research) reports the time it takes for municipal bond borrowers to complete their annual financial audits. The results of the study consistently show slower reporting relative to industry standards of the securities markets. By now, it has been well documented that most municipal audits lag the corporate standard of 60 days by a range of three to six more months.
SEC regulatory amendments to rule 2a-7 relating to tax-exempt money market funds
FAA is the federal regulatory agency for aviation and airports.
Accounting standards for corporations and certain government or non-profit enterprises
Independent, not-for-profit organization authorized by Congress to protect investors by making sure the securities industry operates fairly and […]
Independent organization that establishes and improves standards of accounting and financial reporting for U.S. state and local government.
Recognition programs for state and local governments to improve the quality of their financial management and to recognize […]
Association dedicated to developing model codes and standards to protect the public health, safety and welfare, and to […]
Internal Revenue Service compendium and tax kit on rules and commentary on tax exempt municipal bonds.
Local Government Environmental Assistance Network (LGEAN)provides enviornmental and regulatory assistance for local governments.
Investment banking and dealer industry self-regulatory board overseeing the municipal bond securities market.
National Association of Securities Dealers (NASD)
National Regulatory Research Institute, located at Ohio State, provides research primarily for utility regulatory commissions.
National Federation of Municipal Analysts (NFMA) series of publications, each of which promotes best disclosure practices for particular […]
North American Securities Administrators
This GASB site focuses on creating performance measurement standards to improve governmental accountability
Legal organization with educational programs involving municipal, health care, and disclosure topics.
Securities Rule 15c2-12 refers to municipal bond secondary market disclosure requirements on underwriters relating to annual reporting by […]
Securities Exchange Commission Rule relating to tax-exempt money market funds.
Entry point to U.S. Securities and Exchange Commission’s Office of Municipal Securities information pertaining to municipal markets, including […]
Federal regulator of securities markets, including government and municipal bonds. Section dedicated to municipal securities oversight.
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Wage and Hour Division (WHD) provides information on state labor laws on minimum wages, child labor, prevailing wages […]
Manages and conserves the public lands for the use and enjoyment of present and future generations under a […]
Federal agency for the purpose of protecting human health and the environment by writing and enforcing regulations based on […]
Independent, nonpartisan agency that works for Congress by investigating how the federal government spends taxpayer dollars.
Coordinates the SEC’s municipal securities activities, administers SEC rules relating to the municipal securities market, advises the SEC, […]