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Wednesday, November 23, 2016

HUD Keeps Screwing Up Books

Department of Housing and Urban Development (HUD) officials refuse to explain why they haven’t fixed poor accounting practices and useless financial books their inspector general (IG) has been exposing for four years.

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.”

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5 comments:

Anonymous said...

They ought to get Hillary to straighten things out. If there is a way to screw people out of money she can do it.

Anonymous said...

This has always been a poorly run and irresponsible department. The corruption and theft nationwide is almost legendary.

Anonymous said...

There's a lot of fraud and theft from that program..someone is hiding something.

Anonymous said...

This is only a small microcosm of the whole federal government

Anonymous said...

No worries...Dr. Ben Carson will straighten it out.