The American Institute of CPAs (AICPA) has again endorsed H.R. 7026, the Fiscal State of the Nation Act, in a formal letter to Representatives Andy Barr and Scott Peters.

The bipartisan proposal would require the Comptroller General of the US to brief the budget committees in both the House and Senate each year on the audited financial statements of the federal executive branch.

According to the AICPA, this regular presentation is intended to highlight key elements of the consolidated federal accounts to give lawmakers a clearer view of long-term fiscal conditions.

In the letter, the AICPA said: “Our nation’s fiscal health is essential to sustaining long-term economic strength and national stability.

“The Fiscal State of the Nation Act represents a critical step towards greater transparency, providing a deeper understanding of the long-term economic impact of current and future policies.”

The AICPA also cited the results of a survey conducted by the Harris Poll in 2025.

It found that 81% of adults in the US would back an annual report to Congress from the US Comptroller on the country’s audited financial statements. Around 38% of the respondents said they strongly support the idea.

The poll was conducted from 18 December to 22 December 2025 among 2,079 adults aged 18 and above, including 1,774 registered voters.

The AICPA added in the letter to the Representatives: “As shown by the survey results, a significant majority of Americans are concerned with the nation’s fiscal health affecting future generations and would support this transparency.

“This legislation represents a critical step in moving our federal government forward as it relates to financial accountability and transparency, with the aim of improving congressional decision making on important fiscal issues.”

Recently, the AICPA urged the US Department of Education to include accounting in its proposed definition of a “professional degree” programme, noting that accounting is not among the 11 fields currently proposed for designation.