Louisiana's treasurer said the state should hire one of the Big Four firms to handle the accounting and auditing of the federal funds flowing into the state for the Hurricane Katrina recovery effort.
"The amount of federal aid that we have been promised, and I believe that we will receive, is unprecedented -- in the billions of dollars," said state treasurer John Kennedy in a statement. "The whole world will be watching how we handle that money, and we are all aware of Louisiana's reputation. We are much better than our reputation, and this is a chance to prove it. We need checks and balances and rechecks and rebalances."
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