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AUDITS

The Wire

Audit: public schools lax in financial management

Legislative auditors have faulted poor financial management by school districts for allowing questionable spending of public money, including the purchase of a $91,000 tow truck.

GAO finds audit quality problems at Pentagon

Pentagon auditors face serious problems in their ability to oversee contracts worth hundreds of billions of dollars, according to congressional investigators, and a key senator says the agency in charge needs to focus more on quality than speed.

Detroit school audits find millions in waste

Audits of Detroit schools are finding widespread waste in the deficit-ridden district.

Audits: Little control over Detroit school funds

Audits of 194 Detroit public schools show inappropriate personal loans to officials and $1.7 million in sales tax paid unnecessarily to the city from the tax-exempt school district, an emergency financial manager said Wednesday.

PROMISES, PROMISES: FDA lags in food safety audits

The Food and Drug Administration conducted only about half the state food safety audits it promised in the two years before the recent peanut salmonella outbreak, according to new documents the agency sent to Congress.

IRS defends drop in audits of millionaires

The Internal Revenue Service is not living up to its pledge to crack down on wealthy tax cheats, an IRS watchdog group says, citing a drop in audits of millionaires last year.

Don't panic: IRS audits rare, often just a letter

You don't have a nanny or any other household help, nor are you chauffered around in a limo with a personal driver supplied by a friend.

INSIDE WASHINGTON: Auditors go easy on contractors

Instead of seeing red, Pentagon audit managers saw business as usual after being told that a major military contractor failed to open all its books for review.

Fewer Large Corporations Audited by IRS

The tax audit rates of the largest companies are less than half what they were 20 years ago while more small and mid-size businesses are coming under scrutiny, according to an organization that monitors the Internal Revenue Service.

IRS Audits of Millionaires on the Rise

There's at least one advantage to not being a millionaire — less chance of being audited by the Internal Revenue Service.

AP: Federal Agencies Flunk Their Audits

Ten years after Congress ordered federal agencies to have outside auditors review their books, neither the Defense Department nor the newer Department of Homeland Security has met even basic accounting requirements, leaving them vulnerable to waste, fraud and abuse. An Associated Press review shows that the two departments' financial records are so disorganized and inconsistent that they have repeatedly earned "disclaimer" opinions, meaning that they simply cannot be fully audited.

Audit Finds Missing U.S. Weapons in Iraq

Nearly one of every 25 weapons the military bought for Iraqi security forces is missing, a government audit said Sunday. Many others cannot be repaired because parts or technical manuals are lacking.

Catholic Watchdog Calls for More Oversight

The head of a lay watchdog panel created by Roman Catholic bishops says a key reform the prelates adopted to protect children from clergy sex abuse is insufficient.

The Vine
Waste, shoddy oversight mark homeland security spending
Source: The Sacramento Bee

Editor's note: California Watch is a new reporting unit of the nonprofit Center for Investigative Reporting, based in Berkeley. The Sacramento Bee plans to use their work on occasion.

U.S. Intensifies Audits of Employers
Source: Wall Street Journal

A senior U.S. immigration official said Monday that his agency will intensify a crackdown on employers of workers in the country illegally as part of the Obama administration's new immigration strategy.

Pentagon to Create 20,000 New Jobs
Source: Yahoo! News

President Barack Obama's Defense Department plans to create 20,000 new government jobs to help revise how it buys more than $100 billion of weapons each year, the Pentagon's No. 2 official told Congress.

Sacramento notifies federal government that Mayor Johnson is on federal grant suspension list
Source: The Sacramento Bee

The city of Sacramento plans to immediately begin notifying federal agencies providing federal grants and other funds that Mayor Kevin Johnson is listed among those forbidden from receiving such funds, City Manager Ray Kerridge said today.

$10,000 missing from Scott Co. Ky. sheriff's office
Source: Kentucky.com: Homepage

The report from State Auditor Crit Luallen's office found that daily bank deposits did not match daily collection reports for April 25, 2007, through April 30, 2008, resulting in a deficit of $10,273, according to the release. ............... Luallen's office has recommended th …

Court discloses 50 Arizona investors in Bernie Madoff case
Source: Business Journal

When you talk about six degrees of separation, this is one man you don't want in your downline. Perhaps Kevin Bacon was prophetic and who knew he'd clash directly with man without a soul or conscience.

Obama likely to escape campaign audit...but McCain campaign faces rigorous audit costing millions
Source: Politico

The Federal Election Commission is unlikely to conduct a potentially embarrassing audit of how Barack Obama raised and spent his presidential campaign's record-shattering windfall, despite allegations of questionable donations and accounting that had the McCain campaign crying  …

New House Bill Advocates Paper Ballots and Audits for 2008
Source: Raw Story

A New Jersey congressman introduced a bill Thursday in the House that would offer $600 million to voting districts across the nation that convert to paper ballots or put in audit systems in time for the November presidential election.

$6 Billion in Contracts Reviewed, Pentagon Says
Source: The New York Times

Military officials said Thursday that contracts worth $6 billion to provide essential supplies to American troops in Kuwait, Iraq and Afghanistan — including food, water and shelter — were under review by criminal investigators, double the amount the Pentagon had previously d …

Scientists' Tests Hack Into Electronic Voting Machines in California and Elsewhere
Source: The New York Times

Computer scientists from California universities have hacked into three electronic voting systems used in California and elsewhere in the nation and found several ways in which vote totals could potentially be altered, according to reports released yesterday by the state.

Bechtel's Projects Lacking In Iraq
Source: The Washington Post

A government oversight agency has found that Bechtel National successfully completed less than half of the reconstruction jobs that the government hired it to perform in Iraq.

GM Seed Giants latest Whitewash Plans
Source: Farmers Legal Action Group

GM seed is now grasping at straws

A Nuclear Ruse Uncovers Holes in U.S. Security
Source: The New York Times

Undercover Congressional investigators set up a bogus company and obtained a license from the Nuclear Regulatory Commission in March that would have allowed them to buy the radioactive materials needed for a so-called dirty bomb.

FBI Finds It Frequently Overstepped in Collecting Data
Source: The Washington Post

An internal FBI audit has found that the bureau potentially violated the law or agency rules more than 1,000 times while collecting data about domestic phone calls, e-mails and financial transactions in recent years, far more than was documented in a Justice Department report in  …

GASB Statement No. 43

GASB Statement No. 43: Financial Reporting for Postemployment Benefit Plans Other than Pension Plans GASB Statement No. 45: Accounting and Financial Reporting by Employers for Postemployment Benefits Other than Pension Plans

Blowing the Whistle on Big Oil
Source: The New York Times

A look at how government does business with the oil industry.

Suits Say U.S. Impeded Audits for Oil Leases
Source: The New York Times

Four government auditors who monitor leases for oil and gas on federal property say the Interior Department suppressed their efforts to recover millions of dollars from companies they said were cheating the government.

Tribal Gaming: State is losing a casino jackpot
Source: The Detroit Free Press

While battling a tough economy, Michigan has lost out on more than $300 million in revenue from Native American casinos since the state's deal with seven tribes allowed them to halt payments, a Free Press analysis has found.

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