Audit Report
How did your last examination go? For that matter, how did your last outside audit go?
The following quote should make you feel lots better...
From a statement issued by the Comptroller General of the United States , "...Only about a third of the government's outlays have been subjected to an independent audit. Those audits that have been completed show repeated instances of inadequate accounting systems, poor internal controls, and unreliable data..."
There now, bankers-don't you feel better?!
Copyright © 1991 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 2, No. 10, 11/91
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