audit

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Boeing Supplier Used Dawn Liquid Soap as Lubricant

It's one of the anomalies that turned up in an FAA audit

(Newser) - After a door plug flew off an Alaska Airlines jet, the FAA took a closer look at the Boeing manufacturing process for the 737 Max. The New York Times has details from the six-week audit, which flagged "dozens of problems" at Boeing and supplier Spirit AeroSystems. However, two in...

IRS Grudgingly Requests Investigation of Officials' Audits

Comey, McCabe faced intensive tax scrutiny under agency led by Trump appointee

(Newser) - Update: This file has been updated throughout with new information. Despite calling it "ludicrous and untrue to suggest" that two top officials then-President Trump clashed with were chosen any way but randomly for intensive tax audits, the agency announced Thursday there will be an investigation. The IRS said in...

Court: Arizona Senate Can't Keep 'Audit' Records Under Wraps

It's a defeat for state Republicans, who plan to appeal

(Newser) - An appeals court on Thursday rejected an effort by the Arizona Senate to keep secret records of its ongoing review of the 2020 election in Maricopa County that are in the possession of the contractors conducting the recount. The Arizona Court of Appeals ruled that the documents sought by the...

Georgia Decision Means Hand Recount Will Happen

Presidential race to be audited, which will trigger the recount

(Newser) - Georgia's secretary of state on Wednesday announced an audit of presidential election results that he said will trigger a full hand recount. Secretary of State Brad Raffensperger said at a news conference that his office wants the process to begin by the end of the week. He expects it...

School Board Members Received an Extra $115M

The University of Maryland medical system admits there's a problem

(Newser) - Nearly $115 million went to board members of the University of Maryland Medical System or businesses associated with them, a state audit has found. The payments went to 27 board members or their associated businesses between Jan. 1, 2016 and April 18, 2019, according to a 100-page report that was...

LA Firefighter Racks Up $360K in Overtime in One Year

Audit finds 18 members of LAFD made more than $200K in overtime

(Newser) - A Los Angeles firefighter racked up an eye-popping amount of overtime pay last fiscal year, per an audit released Wednesday: $360,010. In fact, the audit by City Controller Ron Galperin reveals, more than 90% of sworn police and fire employees in the city got overtime (an average of $27,...

Pentagon Has Novel Spin on Results of First Audit

Yes, we failed, but we knew we would, says Pentagon official

(Newser) - The Pentagon has just provided every kid who brings home a lousy test score with a possible new defense: "We failed the audit, but we never expected to pass it." So says Deputy Defense Secretary Patrick Shanahan in putting the best possible spin on the results of a...

Audit: 'Nearly All' of DOD's New Weapons Systems Are Vulnerable

GAO analysis finds rampant cybersecurity issues at the Pentagon

(Newser) - A new report out of the Government Accountability Office says the Department of Defense is "just beginning to grapple" with vulnerabilities in most of its new weapons systems. The upshot of the 50-page GAO analysis , per NPR : that, based on five years' worth of tests, "nearly all" of...

2,400 Auditors Are About to Descend on the Pentagon

Department of Defense is being audited for 1st time ever

(Newser) - The Department of Defense had a budget of $590 billion last year and will have one of nearly $700 billion next year. It has an estimated $2.4 trillion in assets. And yet the department has never been audited. That finally changes this month when the Pentagon undergoes its first-ever...

Report: Abuse at Nursing Homes Often Unknown to Police

28% of incidents go unreported: government audit

(Newser) - More than 1 in 4 cases of possible sexual and physical abuse against nursing home patients apparently went unreported to police, says a government audit that faults Medicare for failing to enforce a federal law requiring immediate notification. The Health and Human Services inspector general's office issued an "...

Buffett Issues Challenge to Trump
Buffett Issues
Challenge to Trump
Aug 2, 2016 1:07 AM CDT

Buffett Issues Challenge to Trump

'Have you no decency, sir?'

(Newser) - Warren Buffett has challenged Donald Trump over the candidate's refusal to release his tax returns , saying he will meet him "anytime, anyplace" and bring his own income tax return along. The Berkshire Hathaway CEO—whose fortune dwarfs that of Trump—told a Hillary Clinton rally in Omaha, Neb....

Trump Camp: He's Not Releasing His Taxes

Spokesman again cites audit as Trump himself denies ties to Russia

(Newser) - Rumors swirling that Donald Trump may have teamed up with Vladimir Putin to take down Hillary Clinton are just that—rumors, says the Republican nominee. "I don't know anything about it … It's ridiculous," Trump tells CBS News . "I mean I have nothing to do...

Trump: Here's Why I Won't Release My Tax Returns

Presidential candidate talks about the audit thing

(Newser) - Donald Trump is sticking to his new explanation for why he can't yet release copies of his recent tax returns: The IRS is auditing him, as Trump says it has for the past 12 years. "No lawyer would ever allow you to release a tax return while you'...

Whole Foods to Pay NYC $500K in Overcharging Spat

Settlement also calls for audits to make sure products are labeled correctly

(Newser) - Whole Foods said Monday it will pay New York City $500,000 to settle allegations it overcharged customers for prepackaged foods. The city's Department of Consumer Affairs said the settlement also requires Whole Foods Market Inc. to conduct quarterly audits to ensure products are accurately weighed and labeled. The...

Pentagon Spouses May Want to Check Work Credit Cards

Audit turns up $1M in charges to casinos, escorts

(Newser) - An audit of government credit cards issued to Pentagon employees turned up a strange thing: lots of charges for gambling, prostitutes, and strip clubs, reports Politico . Specifically, the audit found more than $1 million in such charges from July 2013 to July 2014, with the bulk of that total, $952,...

NJ Sent $24M in Benefits— to Prisoners

Agencies didn't check databases to see if recipients were in prison

(Newser) - New Jersey sent nearly $24 million in taxpayer money to prisoners in the form of unemployment, welfare, pension, and other benefits, reports the New York Times . An audit released yesterday uncovered 20,000 prisoners who received benefit money between July 2009 and April 2011, including tales such as one man...

Kabul Bank Was a Massive Ponzi Scheme: Audit

Its purpose: to benefit Karzai insiders

(Newser) - Fraud was rampant at Kabul Bank—and a new report shows how deeply the corruption went. Indeed, "from its very beginning, the bank was a well-concealed Ponzi scheme," says an audit obtained by the New York Times . The bank's primary purpose, the audit suggests, was financial gain...

Tax Cheating, Easy? Experts Tell You How

Accountants and tax lawyers share tips for beating Uncle Sam

(Newser) - So the New York Times is offering tips for tax cheaters. Guess we know which newspaper will be audited next—but for now, let's take advantage of the paper's survey of 20 tax lawyers, accountants, and policy wonks:
  • The easiest way to cheat is ... running your own company—
...

SF Audit Finds Massive Flaws in Foreclosures

SF study of 400 foreclosures could point to huge violations nationwide

(Newser) - Pervasive problems have been uncovered in home foreclosures in a detailed audit in San Francisco that could indicate similar wide-scale national issues. Almost every one of the recent 400 foreclosures studied involved either violations or suspicious documentation, according to officials. Some 84% of the foreclosures involved what appeared to be...

In 2011, IRS Audited 12% of Millionaires

Also of note: Tax day has changed

(Newser) - Cheer up 99%; at least you're not getting audited. The IRS turned up the heat on the wealthy in 2011, auditing 12% of people earning a million dollars or more, according to figures released yesterday. That's up from 8% of millionaires in 2010 and 6% in 2009. By...

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