Just like how SEC registered companies have to provide Annual Audited Reports to its investors, the US Government should have to do the same. The taxpayers of this country are the government’s investors. Taxpayers deserve full transparency as to the US government income and spending, assets, liabilities and the detection of fraud. Reports should be available online in a known site. The lawmakers need to be held to the highest standards just like any other profession, and the US government should be required to be audited every year. This would also create many jobs for the accounting and auditing field and CPAs.
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