Category
Financial Reporting
Louisiana treasury faces audit scrutiny over financial reporting failures
The audit, conducted between 2019 and 2020, found that the department failed to properly manage its funds, resulting in a substantial loss of revenue for the state. The Audit’s Key Findings The audit, which was conducted by the Louisiana Legislative Auditor, identified several critical issues with the department’s financial oversight. Some of the key findings […]
Financial Reporting: Have hard facts at hand
When I was a kid, my parents used to tell me to make sure I had “hard facts” at hand. What they meant was that if there was some question about something, you should have the answer ready. It’s good advice, but it’s more complicated than they said. Suppose you’re worried about inflation. It seems […]