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.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016