Louisiana earns score of 80 out of 100 on financial transparency - New Orleans CityBusiness

Louisiana received a transparency score 80 on a recent review of state governments’ annual financial reports, putting the state in a tie for 31st best among all 50 states, according to the policy institute Truth in Accounting (TIA).

States can earn a maximum score of 100 points on the TIA ranking. The categories in the analysis are a clean (passing) independent auditor opinion (50 points), no confusing deferred items (10 points), inclusion of retirement liabilities (10 points), timely publication within 100 days of a fiscal year’s end (10 points), online accessibility (five points), navigable links (five points), use of external auditor (five points) and pension data timing (five points).

On average, state transparency scores increased six points over the previous fiscal year due to requirements on including worker retirement liabilities, the TIA analysis found. The study used fiscal-year 2018 data, which was the latest year available.

—

States’ Financial Transparency Scores, From Best to Worst

Rank	State	Auditor Opinion	Deferred Items	Off-Balance Sheet Liabilities	Timeliness	Accessibility	Navigation	External Auditors	Pension Data Timing	Total Transparency Score
1	Idaho	50	9	10	8	3	4	2	2	88
1	North Dakota	50	9	10	8	2	5	2	2	88
1	Nevada	50	8	10	6	3	4	5	2	88
4	Utah	50	7	10	8	4	5	2	1	87
4	Virginia	50	9	10	8	4	4	0	2	87
4	West Virginia	50	5	10	8	4	3	5	2	87
4	Wyoming	50	9	8	8	3	3	5	1	87
8	Indiana	50	9	10	8	3	2	2	2	86
8	Maine	50	7	10	8	3	4	2	2	86
8	South Carolina	50	8	6	10	4	1	5	2	86
8	Tennessee	50	9	10	8	3	4	0	2	86
8	Oregon	50	9	10	8	2	3	2	2	86
8	Washington	50	9	8	8	3	4	2	2	86
14	Georgia	50	7	10	6	3	5	2	2	85
14	Maryland	50	3	10	8	2	2	5	5	85
14	Pennsylvania	50	7	7	8	3	5	5	0	85
14	South Dakota	50	8	10	6	4	3	2	2	85
18	Massachusetts	50	4	10	6	3	4	5	2	84
18	Arizona	50	8	10	4	4	4	2	2	84
18	Hawaii	50	5	10	8	3	1	5	2	84
21	Delaware	50	4	10	8	3	1	5	2	83
21	New York	50	9	5	8	2	2	5	2	83
23	Iowa	50	8	10	8	2	2	0	2	82
23	Kansas	50	9	4	8	3	1	5	2	82
23	Mississippi	50	8	10	2	4	4	2	2	82
23	New Hampshire	50	4	10	6	4	1	5	2	82
23	Oklahoma	50	8	5	8	2	5	2	2	82
23	Rhode Island	50	7	10	6	3	4	0	2	82
29	Alabama	50	7	7	6	2	5	2	2	81
29	Colorado	50	5	10	8	2	3	2	1	81
31	Louisiana	50	7	10	6	2	1	2	2	80
31	Texas	50	4	9	6	4	5	0	2	80
33	Minnesota	50	0	10	8	4	5	0	2	79
33	Montana	50	8	9	8	1	1	0	2	79
35	Florida	50	8	10	4	1	3	0	2	78
35	Wisconsin	50	5	6	8	4	4	0	1	78
37	Kentucky	50	1	10	8	2	2	2	2	77
37	Arkansas	50	7	10	6	1	1	0	2	77
39	Ohio	50	6	8	8	1	1	2	0	76
40	Michigan	50	8	4	6	3	2	0	2	75
41	California	50	3	10	0	2	3	2	2	72
41	Illinois	50	0	10	0	4	4	2	2	72
43	New Jersey	50	0	10	0	3	4	2	2	71
44	Missouri	35	7	10	6	4	4	2	2	70
45	Alaska	35	9	10	4	3	4	2	2	69
46	New Mexico	35	7	10	2	1	1	5	2	63
47	Nebraska	35	5	10	6	2	1	0	2	61
48	Vermont	25	5	10	8	4	1	3	2	58
49	North Carolina	25	3	10	8	4	4	0	2	56
50	Connecticut	25	1	10	6	3	3	0	2	50

Source: Truth in Accounting

To sign up for free CityBusiness Daily Updates, click here.

Let's block ads! (Why?)

"score" - Google News
March 04, 2020 at 11:58PM
https://ift.tt/2xbnBYV

Louisiana earns score of 80 out of 100 on financial transparency - New Orleans CityBusiness
"score" - Google News
https://ift.tt/2OdbIHo
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update

Bagikan Berita Ini