19
Nov
12

CPAs advocate for addressing fiscal cliff and US Government’s financial health

Election day is over, and the fiscal cliff  becomes the focus of many.  I recently came across the American Institute of CPAs advocacy pages where the AICPA Chairman offers analysis and insight into the big picture of the US governments financial future.  On their site, there is a video which helps explain about the “continuing and growing mismatch between the federal government’s long-term spending obligations and projected revenues.”   Their video helped relate these complex concepts to us as individuals, and how our decisions today may affect future generations.

 

As CPAs, we are uniquely positioned to gain an understanding of these issues and engage in dialogue to support a movement to improve our country’s fiscal health.  We are often called upon to help our clients or our own NPO management understand the financial issues they need to wrestle with.  I want to encourage you to review these resources, to be ready to explain key concepts about our governments financial status, and to advocate for improving the U.S. Government’s fiscal health.

 

AICPA article “What’s at Stake? A CPA’s Insights into the Federal Government’s Finances”  

A Citizen’s Guide to the 2011 Financial Report of the U.S. Government

Fiscal Year 2011 Financial Report of the United States Government

 

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