Jul 15 2024 17 mins
On the latest episode of the Debtwire Municipals Muni Lowdown podcast, Managing Editor Paul Greaves speaks with Liz Farmer, a public finance expert and Kunal Kamal about the growing auditor shortage and delays in government financial reporting.
Liz kicks off the podcast by explaining the difference in median audit times between corporate and municipal bond issuers.
The conversation shifts to discussing the potential consequences for local governments when financial reports are delayed.
Liz then explains some of the best practices she’s seen by governments with financial reporting.
Liz goes on to discuss the delicate balance governments must navigate between the need for comprehensive financial reporting with the practical challenges of staffing.
Liz concludes by offering her perspective on potential trends in audit times and auditor availability.