In late March, the U.S. Department of the Treasury issued the fiscal year 2018 financial report for the U.S. government. The report had some bad news, and was notable for its timing, reported results, fiscal projections, accounting for liabilities, auditor opinion, and rhetoric. The public reaction raised perhaps the biggest red flag, however—the report was delivered to deafening silence. This does not bode well for ensuring the integrity of the public purse.
Read the full article on: The CPA Journal