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Thursday, October 03, 2013

Problems With Financial Statements In Md. Towns, Auditors Find; Hyattsville, Sykesville, Baltimore cited

Some local governments in Maryland are having difficulty preparing adequate financial statements and getting good audit results, state auditors found.

There were 179 local government audit reports due for fiscal year 2012 — 25 counties and 154 cities and towns.

The Office of Legislative Audits (OLA) found in its report that five governments failed to obtain audits, and there were 64 instances of defective accountability. either in accounting or auditing. While most deficiencies were not material to the financial statements as a whole, the high number of problems indicates substantial room for improving financial accountability in Maryland’s counties, cities and towns.

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5 comments:

Anonymous said...

Fruitland ?

Anonymous said...

Democrats think 1+1=11 ..hey its allot more then two.. and leaves eight dolars to spend..

Anonymous said...

need to have them recheck Pittsville's!!!

Anonymous said...

They must have used obama math.

Anonymous said...

And their answers don't have to be correct. They just have to show how they got whatever answer they came up with.