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$6 billion missing from State Department

 
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    Posted: Apr 05 2014 at 2:54pm

$6 billion missing from State Department

Brianna Ehley
Friday, 4 Apr 2014 | 2:48 PM ET
Fiscal Times for CNBC.com

















The State Department has no idea what happened to $6 billion used to pay its contractors.

In a special "management alert" made public Thursday, the State Department's Inspector General Steve Linick warned "significant financial risk and a lack of internal control at the department has led to billions of unaccounted dollars over the last six years.


Getty Images

The alert was just the latest example of the federal government's continued struggle with oversight over its outside contractors.

The lack of oversight "exposes the department to significant financial risk," the auditor said. "It creates conditions conducive to fraud, as corrupt individuals may attempt to conceal evidence of illicit behavior by omitting key documents from the contract file. It impairs the ability of the department to take effective and timely action to protect its interests, and, in tum, those of taxpayers."


In the memo, the inspector general detailed "repeated examples of poor contract file administration." For instance, a recent investigation of the closeout process for contracts supporting the mission in Iraq, showed that auditors couldn't find 33 of the 115 contract files totaling about $2.1 billion. Of the remaining 82 files, auditors said 48 contained insufficient documents required by federal law.


In another instance, the Bureau of International Narcotics and Law Enforcement issued a $1 billion contract in Afghanistan that was deemed "incomplete."

The auditor recommended that the State Department establish a centralized system to track, maintain and retain contract files.

The department responded and said it concurred with the recommendations to address the

Before Linick took office last fall, the State Department had been without an inspector general position for five years—the longest inspector generaly vacancy in the government's history, as noted in The Washington Post.

—By Brianna Ehley for The Fiscal Times


http://www.cnbc.com/id/101556214

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Post Options Post Options   Thanks (1) Thanks(1)   Quote carolina cutie Quote  Post ReplyReply Direct Link To This Post Posted: Apr 05 2014 at 3:05pm
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Post Options Post Options   Thanks (6) Thanks(6)   Quote tropical-punch Quote  Post ReplyReply Direct Link To This Post Posted: Apr 05 2014 at 3:31pm
b6-13
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Post Options Post Options   Thanks (1) Thanks(1)   Quote TayTay Quote  Post ReplyReply Direct Link To This Post Posted: Apr 05 2014 at 3:35pm
Originally posted by tropical-punch tropical-punch wrote:

b6-13


LOL LOL
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Post Options Post Options   Thanks (4) Thanks(4)   Quote BBpants Quote  Post ReplyReply Direct Link To This Post Posted: Apr 05 2014 at 3:40pm
smfh....all that money yet people are starving out here
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Post Options Post Options   Thanks (2) Thanks(2)   Quote newdiva1 Quote  Post ReplyReply Direct Link To This Post Posted: Apr 05 2014 at 3:46pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ModelessDiva Quote  Post ReplyReply Direct Link To This Post Posted: Apr 05 2014 at 3:55pm
ngas aint sht
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Midna Quote  Post ReplyReply Direct Link To This Post Posted: Apr 05 2014 at 3:56pm
Sheeeeit, if I worked there, I might have a hand too in that missing 6 billi billi.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Ladybird0724 Quote  Post ReplyReply Direct Link To This Post Posted: Apr 05 2014 at 4:33pm
Originally posted by TayTay TayTay wrote:

Originally posted by tropical-punch tropical-punch wrote:

b6-13


LOL LOL


Lol why was this the first thing I thought of
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Az~Maverick Quote  Post ReplyReply Direct Link To This Post Posted: Apr 05 2014 at 5:08pm
Originally posted by Ladybird0724 Ladybird0724 wrote:

Originally posted by TayTay TayTay wrote:

Originally posted by tropical-punch tropical-punch wrote:

b6-13


LOL LOL


Lol why was this the first thing I thought of


Me too!! LOLLOL
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