The Reading School District in Pennsylvania announced that the district auditors uncovered an accounting error in the books of the organizations for 2010-2011. According to the audit, the revenues for 2010-2011 period were overstated by $15.6M. A big question here is how did something as big as $16M not get noticed earlier. Based on this a question for the employees will be how long will they keep getting paid if there is a shortfall of $16M in the financials of their employer.

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