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Audit Reveals Huge GAAP in Connecticut Finances

An audit of the State Comptroller’s Office reveals that Connecticut has not been using Generally Accepted Accounting Practice as required by law. By applying GAAP standards, the audit found that Connecticut’s net position is negative $35.3 billion, $22.7 billion further in the red than reported in 2014.

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Auditors: Expedite the Process

June 24, 2011 Hon. John Geragosian Hon. Bob Ward Auditors of Public Accounts 210 Capitol Ave, Room 114 Hartford, CT 06106 Dear Mr. Geragosian and Mr. Ward: I see from news reports that frivolous accusations made by SEBAC against the Yankee Institute have been referred to your office. I write ...

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