This is an American perspective on the CAFR, but it is global in scope because ALL our so called Governments do it. It is clear, concise and makes my blood boil.
There is massive fraud on the public by the institutions we thought we could trust.
Virtually every public entity is involved in hoarding and diverting public resources from public service to insider crony benefit and misuse.
This video explains why this is not only going on, but considered essential by the elite who want to keep you on a treadmill for their enrichment.
The message underlying this video is, demand an independent audit of the accounts (CAFR) of your city, county and state governments, school districts, courthouses, every public agency.