According to reports, the loss, which is 30 times greater than the Enron black hole, is revealed in the 2001 Financial Report of the United States Government and it is understood the General Accounting Officer was reluctant to sign off the accounts.
In a note to the accounts, the Treasury blamed three factors – the failure of government agencies to keep accurate books, errors in reporting various contracts between government agencies and problems with the timing of certain costs and revenues.
UK senior partner Phil Verity has been elected for a second term at Mazars
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham