Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: ptsal
Fiscal accountability in the public sector is horribly lacking. The Pentagon has only recently had an audit, for years they had no financial controls whatsoever.

The Defense Contract Audit Agency is only good at one thing: covering their collective asses, and I'll bet you could say the same about every audit agency in the public sector.

During my CPA days, it took me one week to audit a nonprofit agency with 25 different federal funding sources. At DCAA, the risk assessment alone would take over a month. It was ridiculous, considering SOP was to establish risk at the highest level for every audit.

12 posted on 08/02/2019 3:56:59 PM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
[ Post Reply | Private Reply | To 2 | View Replies ]


To: Night Hides Not

I made a living auditing for the DOJ IG (when America was still America-long before Obama). All that is needed is the actual will to audit these suspect agencies. There are plenty of excellent government auditors and they WILL find criminality where it exists.


26 posted on 08/02/2019 4:26:16 PM PDT by Bonemaker (invictus maneo)
[ Post Reply | Private Reply | To 12 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson