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Politics : World Affairs Discussion
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To: Raymond Duray who wrote (336)7/14/2002 6:40:39 PM
From: goldsnow  Read Replies (1) of 3959
 
Lost in all the outrage over the corporate accounting scandals is one fact politicians do not like to acknowledge: The auditing problems at American companies cannot rival the bookkeeping shambles of the world's largest enterprise — the U.S. government.




Exaggerated earnings, disguised liabilities, off-budget shenanigans — they are all there in the government's ledgers on a scale even the biggest companies could not dream of matching.

news.yahoo.com
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