Government chief accountant Mary Keegan makes an interesting admission in her interview for Accountancy Age this week.
Speaking on the question of whether private sector accounting is superior to the public sector’s she says: ‘If we do lag in any area it is because general management is less comfortable with the financial numbers than you would find in a typical boardroom in the private sector.’
Less comfortable with the financial numbers? These are the people in charge of our taxes and they are ill at ease with figures? How can that possibly be? How could we have government accountants in 2007 that don’t know their numbers!? I want to hang to my head in disbelief.
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