Transformation Challenges in America and the Accountability Profession

This is a Comptroller General Presentation delivered to the Greater Washington Society of Certified Public Accounts' Symposium, in Washington, DC on December 14, 2004. Major topics of this presentation include: (1) composition of federal spending, (2) long term fiscal challenges, (3) surplus or deficit as a share of GDP, and (4) federal spending for mandatory and discretionary programs.