U.S. Government Financial Statements: FY 2000

greenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread

The Comptroller General discussed GAO's report on the U.S.
government's consolidated financial statements for fiscal year
2000. This is the fourth consecutive year that GAO has been
unable to express an opinion on the U.S. government's
consolidated financial statements. Certain material weaknesses in
internal control and accounting and reporting issues resulted in
conditions that prevented GAO from being able to provide Congress
and the American citizens with an opinion as to whether the
government's consolidated financial statements are fairly stated
in accordance with U.S. generally accepted accounting principles.


-- spider (spider0@usa.net), April 05, 2001

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