Accounting Fraud in the Government Sector This paper intends to explore the topic of accounting fraud in the government sector. To this extent the paper will look at the subject through the eyes of various researchers into government accounting fraud, such as writer Thomas J. DiLorenzo, author of Underground Government: The Off Budget Public Sector, who states that the government is far less than honest or forthcoming in their statements and reports about spending, budgets and monetary statistics (DiLorenzo, 2002). In short, he states “’accounting’ fraud is an inherent feature of government,” because “there is no such thing as real accounting in government … no profit and loss statement, only budgets” (DiLorenzo, 2002, para. 2 & 3). In...The end:
.....may make in the area of accounting fraud. REFERENCES DiLorenzo, T. (April, 2002). Real accounting fraud. The Free Market Website. Retrieved from http://mises.org/freemarket_detail.aspx?control=395. Federal financing bank. (2010). Federal Financing Bank Website. Retrieved from http://www.ustreas.gov/ffb/. FraudNet/Reporting fraud. (n.d.) GAO U.S. Government Accountability Office Website. Retrieved from http://www.gao.gov/fraudnet/fraudnet.htm#federal. Sheehan, J. Real accounting fraud. (July 31, 2010). The Free Market Website. Retrieved from http://mises.org/daily/1012. Voight, K. Sex, lies & accounting fraud. (July 6, 2010). Accounting Web Website. Retrieved from http://www.accountingweb.com/topic/watchdog/sex-lies-and-accounting-fraud.