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California financial audit arrives a year late and raises flags about unemployment benefits paid

FEBRUARY 8, 2022 | by Marc Joffe | REASON

Includes: "California's 2020 annual comprehensive financial report took 583 days to produce. ... According to data from Truth in Accounting, the median U.S. state produced its 2020 annual comprehensive financial report 184 days after the end of its fiscal year. By contrast, California took 583 days, nearly 20 months, to file its annual comprehensive financial report for fiscal year 2020. For added perspective, it is worth noting that the Securities and Exchange Commission gives large corporations just 60 days to produce their audited financials."

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