Topic: Fasb 56

1 chapters across the catalog

Fitz criticizes the bipartisan adoption of FASB 56, a policy that allows federal agencies to keep their financial books "dark" for national security reasons. She notes that over $21 trillion is missing from the DOD and HUD, yet the current DOGE initiative is focusing on auditing the IRS rather than recovering these untraceable funds. She expresses concern that AI software from companies like Palantir will be used to extract more money from citizens while ignoring high-level financial fraud.