Wednesday, November 23, 2016

Less Than Nothing

Ben Carson has his work cut out for him:
It’s not clear whether HUD officials understand what they’re doing is wrong because, their spokesman, Brian Sullivan, told The Daily Caller News Foundation Investigative Group that “HUD does apply generally accepted accounting standards.”

Not so, said the IG, whose most recent audit found 11 “material weaknesses,” seven “significant deficiencies” in internal controls, and five instances of “noncompliance with applicable laws and regulations.”

The laundry list of accounting failures, “were due to an inability to establish a compliant control environment, implement adequate financial accounting systems, retain key financial management staff, and identify appropriate accounting principles and policies,” the IG said.

The same conclusions have now been reported by the IG for three straight years.
Even incompetent crooks should at least try to explain themselves...

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