State and Local Governments Receiving Federal Stimulus Funds Now Have a Compliance Resource in UHY LLP

NEW YORK, NY, Apr 20 (MARKET WIRE) --
The national CPA firm of UHY LLP announced the launch of federal stimulus
compliance services to help state and local governments with meeting the
increasingly complex needs for enhanced financial reporting on their
stimulus-related projects.

"The $787 billion federal stimulus legislation the President signed didn't
do much to spell out how the various state and local governments should
comply with the calls for greater transparency," said Michael J. Mahoney,
UHY LLP's Metro New York managing partner. "But with all the attention on
recent spending by previous recipients of federal bailout money, you can
be sure that any state agency, public authority, city or county receiving
such funds will be under heightened scrutiny."

Mahoney explained that although many of the requirements are yet to be
defined, federal inspectors will have significant power to investigate
potential fraud and abuse to ensure adherence to financial transparency
and integrity-monitoring. To offer assistance, UHY LLP posts a stimulus
web page on its firm web site with links to additional resources to help
government officials better understand the "strings" that will likely be
attached to the funding.

"Because UHY LLP has specialized in governmental audits for many years,
one area that we're ready to help with is the expected quarterly financial
reporting and any special procedures designed to enhance financial
transparency," Mahoney added.

UHY LLP last week announced that -- with assistance from law firm Whiteman
Osterman & Hanna LLP and integrity risk management firm, Thacher
Associates, LLC -- a new web site was launched www.nysrecovery.com to
provide updated information and links about various stimulus requirements
in New York State.

For more information about UHY LLP's federal stimulus services, see:
www.uhyllp-us.com/stimulus.

About UHY LLP

UHY Advisors, Inc. and its subsidiary entities have more than 1,200
professionals providing services from offices across the United States.
UHY Advisors, Inc. is ranked as the 15th largest professional services
firm providing tax and business consulting in the country by Accounting
Today. Attest services are performed through an alternative practice
structure with UHY LLP, a licensed CPA firm.

UHY Advisors, Inc. and UHY LLP are independent U.S. members of UHY
International Limited, an international association of independent member
firms providing accounting, tax and other professional services. For
additional information, please visit www.uhy-us.com.

UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms.
UHY LLP is a licensed independent CPA firm that performs attest services.

19 West 44th Street
12th Floor
New York, NY 10036
Telephone 212-381-4800
Fax 212-381-4811

Contact:
William Berezansky
(212) 381-4652
Email Contact

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