Monday, February 23, 2009

Fund Accounting

A great article by two professors at UT Austin. It discusses the ludicrousness of the big banks' claims that they can't possibly accurately account for how the TARP funds are spent. Especially since nonprofits are required by law to do so every day of the year. Handcuffs await the boards of those who don't.
NYT

1 comment:

Lisa said...

Hey! Good point. We've had our auditors under foot for days at the not for profit where I work.