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[quote user="CMStPnP"] [quote user="Sam1"] The GAO has a variety of in-house experts, including economists.  It is, however, primarily an auditing organization known for the thoroughness and objectivity of its work.  You assessment of the the GAO is wrong.  I can only suspect that you have never had any dealings with the GAO executives.  I see nothing in your writing that suggest that you have deal with the GAO or understand its methodologies. If you have a BBA in Finance, then you should know that the busines community and governments use somewhat different accounting rules and standards.  Most businesses use GAAP, as do most governments, except government accounting is moderated by the Government Accounting Standards Board.  [/quote] OK so now they are "Executives" versus GS level employees.    I am pretty sure I am correct in my assessment of the GAO though.      I don't hear many CPA's quoting them or saying they want to emulate their best practices.      In fact, I hear the reverse.       I guess our life experiences are different in this respect.<IMG alt=Cool src="http://cs.trains.com/trccs/emoticons/icon_smile_cool.gif">  [/quote] CPAs would probably not look to the GAO for best practices as CPAs.  But auditors, especially internal auditors, at least the ones that I know, hold the GAO in high regards.  One of the best U.S. Comptroller, General, David M. Walker, who was the head of the GAO, spent many years in private accounting with a major firm.
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