Moody's: US local government financial audit filing time improving, but remains slow
New York, November 11, 2016-- In the past three years, US local government issuers have begun filing their financial audits faster, but continue to be slower than all other municipal market participants, Moody's Investors Service says in a new report. The average time for a local government to upload an audit to EMMA fell from 199 days in FY 2012 to 189 days in FY 2015, and disclosure should continue to modestly improve going forward. "Local government issuers who file their audits 270...
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