News - Bill's Blog

Fun/Scary reader feedback of the day

October 5, 2021

I received the email below from a Morning Call subscriber. After asking him if we could post his email, he said OK, but then followed up with a request that his name be withheld.

“Hi Bill,

My name is [Name Withheld by Request]. I am a retired CPA and a follower of Truth In Accounting.  I have followed US Financial Statements for many years, and the deterioration of our Federal finances.  Unfortunately, nothing is being done to avert the chaos that reigns in our Federal Financial System.  No one really knows if the financials are even accurate because the U.S. Accountability Office disclaims an opinion in addition to citing numerous material weaknesses in internal control. Even worse saying they may not have found all the material weaknesses.  If this was a public company they would have been shut down and investigated decades ago.  We may be beyond the breaking point.  

I have attached a scan of the opinion from the 9/20 financials.  It is a roadmap to financial hell.  I am trying to figure out how to bring this to the attention of appropriate news agencies or if possible responsible legislators who would take the time to understand the peril of the situation and hopefully do something about it. I was hoping you would be interested in this and perhaps provide me guidance or help whatever you can possibly provide to me. 

Thanks in advance for your thoughts.” 

Upon asking him why he would like his name withheld he said, 

“I am on retirement from a Big 4 firm and we have tight restrictions putting our pensions in jeopardy if the Firm takes issue with this.”

Hmm.

 

 

 
 
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