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Are Your Municipality’s Audited Financial Statements Accurate?

Are Your Municipality’s Audited Financial Statements Accurate?
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Commentary

It was an awkward moment. I served on the Orange County, California, Board of Supervisors and attended the Audit Committee meeting to make an inquiry, as the annual comprehensive financial report (ACFR) had been issued and the managing partner of the Certified Public Accounting firm was making a presentation.

John Moorlach
John Moorlach
Author
John Moorlach is the director of the California Policy Center's Center for Public Accountability. He has served as a California State Senator and Orange County Supervisor and Treasurer-Tax Collector. In 1994, he predicted the County's bankruptcy and participated in restoring and reforming the sixth most populated county in the nation.