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tatee
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Joined: Jun 09 2006
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Topic: $6 billion missing from State Department 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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carolina cutie
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Posted: Apr 05 2014 at 3:05pm |
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tropical-punch
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Posted: Apr 05 2014 at 3:31pm |
b6-13
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TayTay
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Posted: Apr 05 2014 at 3:35pm |
tropical-punch wrote:
b6-13 |
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BBpants
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Posted: Apr 05 2014 at 3:40pm |
smfh....all that money yet people are starving out here
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newdiva1
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Posted: Apr 05 2014 at 3:46pm |
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ModelessDiva
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Posted: Apr 05 2014 at 3:55pm |
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Midna
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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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Ladybird0724
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Posted: Apr 05 2014 at 4:33pm |
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Az~Maverick
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Posted: Apr 05 2014 at 5:08pm |
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