Since 2007, Merritt Research Services has been tracking the time it takes for municipal bond related audits to be completed and signed after the close of the fiscal year end.
Based upon the number of days between the close of the fiscal year and the date of the Independent Auditor’s Report signature, some municipal bond issuers clearly stand out from the crowd. In this report, we recognize the municipal bond borrowers who rise above their peers, completing their audits in a significantly timelier manner than the majority. The full report is available via the following link. (...)