Stories 1 - 20 |  Next >>

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... More »

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... More »

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... More »

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 "... More »

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.... More »

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... More »

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'... More »

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... More »

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,... More »

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... More »

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... More »

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—
... More »

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... More »

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... More »

Occupy Richmond Defends Tea Party in Tax Row

They suspect the move was 'retaliation' for criticism of mayor

(Newser) - Who says Tea Partiers and Occupiers can’t get along? Occupy Richmond has issued a statement defending the Richmond Tea Party, which the city recently said was behind on its taxes. “Given the duplicitous and violent manner in which the city government chose to raid our peaceful occupation, it... More »

GOP Bill Gives IRS New Job: Policing Abortion Payments

Victims of rape or incest would need documentation proving it

(Newser) - If the GOP’s "No Taxpayer Funding for Abortion Act" becomes law, it could force the IRS to ask prying questions about abortion in any tax audit it conducts, an executive from the nonpartisan Joint Tax Committee told Congress this week. Under the bill, women who received any kind... More »

EU Should Go After Goldman, Since US Won't

Firm helped Greece hide staggering debt, leading to near collapse

(Newser) - With the revelation that Goldman Sachs was peddling exotic instruments to help Greece hide its runaway debts as recently as November, something must be done, Simon Johnson writes. US authorities clearly aren't going to raise a finger—a few phone calls around Washington will ensure that the Fed looks the... More »

Ron Paul Poised to Finally Pass Fed Audits

For first time in nine tries, amendment goes to House floor

(Newser) - For Ron Paul, it's got to be sweet. The financial regulatory reform bill that opened for debate in the House today contains Paul's amendment to subject the Fed to congressional audit—his ninth try in 11 years in office to get a Fed-curbing proposal into play. Until now, none of... More »

France Bloomin' Mad Over Brukozy's Daily $1K Fleur Tab

(Newser) - French First Lady Carla Bruni-Sarkozy just loves her fleurs and she's often photographed arranging blooms in the Elysée Palace. Problem is, the flowers are costing French taxpayers $1,100 a day, and they want the spending nipped in the bud. The blooming bills were revealed in the first state... More »

Blackwater Bilked US Out of $55M for Iraq Security: Audit

Company didn't provide enough workers

(Newser) - The US overpaid Blackwater by $55 million for its security work in Iraq, a government audit has found. The company, since renamed Xe, didn't employ enough guards, medics, and other personnel to protect high-level officials but still collected full payment from the State Department, the Wall Street Journal reports. "... More »

Stories 1 - 20 |  Next >>