Interest groups ranging from bond investors to government watchdogs to regulators have regularly called for faster audit times from municipal bond issuers. Timely audit reporting is essential for credit evaluation and proper pricing in the municipal bond market and is an important indicator of good governance and stewardship. Merritt Research Services, in partnership with the Government Finance Research Center at at the University of Illinois Chicago offers an overview of historic audit time trends, and recognizes 2020’s timeliest audits. (...)
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