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State Gets Low Marks for Financial Reporting
(IRN)-A bad report card on the state's accounting practices shows financial reporting is up to a year behind where it should be.

Illinois Auditor General Bill Holland presented his findings to a Senate committee which agreed a task force should look into what can be done.

Members of the governor's and comptroller's offices told senators what is needed is the right mix of technology and people, that too many employees charged with financial reporting simply do not have the right specialized skills.

Holland says some of the systems are 10 years old or more, ranging from computers to paper spreadsheets. He says the systems are error-prone, inefficient, and simply not interrelated.

(Source: Illinois Radio Network)
04 07 11 by Newsroom
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