Thursday, July 26, 2018
Government accounting
https://www.city-journal.org/html/zeroing-government-fraud-14955.html
The Government Accounting Standards Board supposedly is supposed to
promulgate accounting local and state government accounting standards in
the interests and risk bearing of investors (think muni bonds) and
taxpayers, but GASB has faced criticism over the years for aligning too
closely with the interests of local governments. rather than investors and
taxpayers* ---
Winter 2017 article in City Journal
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