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Strategies & Market Trends : Did You Say Something?

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To: ig who started this subject7/15/2002 3:19:06 AM
From: ig   of 16
 
Govt. Boiling and Boning the Books: AP Wire

groups.google.com

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.

(Wish I had a better URL for that, one where the story would stay put.)
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