State Government

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August 31, 2024 3 min read Definitions

State Boards of Accountancy: Regulatory Bodies for Accounting Professionals

Finance Accounting Accounting Regulation Licensing Professional Standards State Government

State Boards of Accountancy are regulatory bodies at the state level responsible for licensing and overseeing accounting professionals, ensuring public trust through adherence to rigorous standards.

August 25, 2024 4 min read Definitions

Moral Obligation Bond: Understanding Municipal and State Financial Intermediary Backing

Finance Investment Bonds Municipal Bonds Tax-Exempt Bonds State Government Moral Obligation

A moral obligation bond is a tax-exempt bond issued by a municipality or a state financial intermediary and backed by the moral obligation pledge of a state government. While the state's pledge is not legally binding, it carries significant weight.