Let the slashing begin!
Television news is rabid about the pitiful state of local government pension funds: http://nation.foxnews.com/pensions/2010/12/27/first-11-state-pension-funds-will-run-out-money
And Governor Cuomo is taking action to stave off bankrupcy: http://www.nytimes.com/2011/01/03/nyregion/03cuomo.html?_r=1&hp
And the State of Texas is finally admitting to its delima http://www.texastribune.org/texas-taxes/2011-budget-shortfall/
School districts are cutting staff: http://m.npr.org/news/front/132408943?singlePage=true
Did government get too big and too comfortable? Probably. Is this painful? Heck yeah!
Governmental auditors unite! Leita Hart-Fanta, CPA, CGFM, and CGAP is the author of “The Yellow Book Interpreted” and owner of Yellowbook-CPE.com a website devoted to training for governmental auditors. Whether you are an internal auditor or monitor for a government entity or a CPA doing grant audits, you will enjoy Leita’s humorous take on the complexity of auditing in the government environment.