Some future scenarios for Detroit

as per these educators  http://hbswk.hbs.edu/item/7313.html

Group of 20 leading nations

highlight the importance of comparability and transparent public sector financial reporting in Russia at meeting of central bank governors and finance ministers.    Emphasized the importance of country specific circumstance and impact of financial sector vulnerability on public debt.  http://www.publicfinanceinternational.org/news/2013/03/accounting-bodies-hail-g20-emphasis-on-public-sector-reporting/

Check out your State's report card

Much data is available from this website.   Click and see how your state is doing.   Interesting dimensions included such as auditing, procurement, pension fund management, ethics, state budgeting.   http://www.stateintegrity.org/
Article highlights the concerns and absence of "teeth" in ethics laws and disclosures.   And yes there were some F's given. http://www.stateintegrity.org/state_integrity_invesitgation_overview_story

Philidelphia Housing Authority misused stimulus money

A federal audit uncovers lack of support for spending; the rehab work being done is not in question, but whether the payments were reasonable and supported is at issue.   http://thehill.com/blogs/on-the-money/1091-housing/161739-audit-reveals-housing-authority-misused-stimulus-funds

California audit findings of employee travel advances

and loans that were not paid.  Halted for now, but this state practice is now being investigated.  This LA Times April 21, 2011 story by Anthony York indicates millions of dollars at issue in terms of accountability   http://www.latimes.com/news/local/la-me-unpaid-loans-20110421%2C0%2C4285091.story