Let the slashing begin! | AccountingWEB

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

http://www.nytimes.com/2010/12/23/business/23prichard.html?scp=2&sq=pension&st=cse

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!

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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.

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