McLir Blog

Wednesday, August 18, 2004

US Treasure Missing Over $1 Trillion

From Department of Defense (DoD)...
"We reported that DoD processed $1.1 trillion in unsupported accounting entries to DoD Component financial data used to prepare departmental reports and DoD financial statements for FY 2000."
David K. SteensmaActing Assistant Inspector Generalfor Auditing for the DoDFebruary 26, 2002

From Housing & Urban Development (HUD)...
"At the time we discontinued our audit work... An additional 242 adjustments totaling about $59.6 billion, were made to adjust fiscal year 1999 activity."
Susan GaffneyHUD Inspector GeneralMarch 22, 2000
Posted by Patrick McComb at 12:12 PM
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