Accounting Scandals


Can we get Sarbanes and Oxley to look into this [PDF], from a statement today by the Comptroller of the U.S.?

As in the 6 previous fiscal years, certain material weaknesses1 in internal control and in selected accounting and reporting practices resulted in conditions that continued to prevent us from being able to provide the Congress and American citizens an opinion as to whether the consolidated financial statements of the U.S. government are fairly stated in conformity with U.S. generally accepted accounting principles (GAAP).