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re: Corporate reporting - move from quarterly to semiannual reporting?
Posted on 8/17/18 at 7:15 pm to foshizzle
Posted on 8/17/18 at 7:15 pm to foshizzle
quote:
The government is not audited as a single entity to start with. It's just too big.
Individual agencies are audited though and many do get clean opinions. Some do not, of course.
Each agency is separately assessed but ultimately consolidated into one, kind of like a company with various subsidiaries and branches.
1
Posted on 8/17/18 at 8:13 pm to FinleyStreet
quote:
Each agency is separately assessed but ultimately consolidated into one
There is indeed a consolidated Financial Report of the United States, but that is a different thing. You said the federal government has never had a clean audit opinion. The government is not audited as a single entity to begin with.
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