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Government
Ben Carson Finds $500 Billion (Billion!) In Errors During Audit Of Obama HUD
2017-04-10
[DAILYWIRE] There were several other unresolved audit matters, which restricted our ability to obtain sufficient, appropriate evidence to express an opinion. These unresolved audit matters relate to (1) the Office of General Counsel’s refusal to sign the management representation letter, (2) HUD’s improper use of cumulative and first-in, first-out budgetary accounting methods of disbursing community planning and development program funds, (3) the $4.2 billion in nonpooled loan assets from Ginnie Mae’s stand-alone financial statements that we could not audit due to inadequate support, (4) the improper accounting for certain HUD assets and liabilities, and (5) material differences between HUD’s subledger and general ledger accounts. This audit report contains 11 material weaknesses, 7 significant deficiencies, and 5 instances of noncompliance with applicable laws and regulations.
Posted by:Fred

#11  Send Ben over to the IRS for an audit.
Posted by: Skidmark   2017-04-10 19:14  

#10  You mean Bill Carson?
Posted by: Pied Piper   2017-04-10 15:25  

#9  I know this chick she lives down on Melrose...
Posted by: Crusader   2017-04-10 13:16  

#8  1/2 trillion? Where did the money go. Check out the Federal Reserve, they seem to have accounting problems also--something about dynamic bookkeeping. They also have money missing to the tune of several billions. State lost something like $6 billion under Hillary. Check out a few more agencies and who knows, our debt problems might diminish.
Posted by: JohnQC   2017-04-10 11:53  

#7  So, the taxpayers owe HUD 500 billion?
Posted by: KBK   2017-04-10 11:50  

#6  Another one of LBJ's scams. He was from Texas, you know, so it's gotta be big.
Posted by: Abu Uluque   2017-04-10 11:23  

#5  They're just scratching the surface.
Posted by: Spinesing Gray3122   2017-04-10 10:34  

#4  I'm actually surprised the amount is that low.
Posted by: DarthVader   2017-04-10 09:34  

#3  $500 billion here, $500 billion there, pretty soon you're talking real money.
Posted by: charger   2017-04-10 08:34  

#2  Wow!
Posted by: g(r)omgoru   2017-04-10 05:57  

#1  Financial malfeasance and graft are much easier when dodgy accounting is used. When finished here, perhaps the doctor's audit team could visit other agencies within the giverment as well.

I recommend a modest financial incentive be extended the audit team when gross "eorrors" such as this are validated.
Posted by: Besoeker   2017-04-10 03:06  

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