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GAO Report: Delayed Allocation of the Federal Thrift Savings Plan's Failed System Development Costs to Participant Accounts
U.S. Government Accountability Office [GAO] 
Aug. 25, 2003
12 pages. "Given uncertainties inherent in any court action and the fact that significant numbers of account holders enroll and depart annually, in our view, allocating the $41 million to account balances when the loss occurred would have been more prudent, as well as being acceptable treatment under GAAP. In particular, allocation at the time the loss occurred would have met two underlying concepts of accounting -- consistency and conservatism." [GAO-03-827R, published Jul. 22, 2003, released Aug. 22, 2003]
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