3 ms·
Read more carefully, that's the total of all improperly accounted for transactions, not lost money. While it's still a complete shit show. There's a huge, almo
by fundingshovel 9y ago
Read more carefully, that's the total of all improperly accounted for transactions, not lost money.
While it's still a complete shit show. There's a huge, almost click bate difference.
- joeframbach 9y agoThe title right now is "MSU Scholars Find $21T in Unauthorized Government Spending". Did it change?
- fundingshovel 9y agoNo, but the report is about journal voucher adjustments which isn't spending exactly spending. The report says not that they're "spending" $21T, but that they made a cumulative amount of errors and corrections in their vouchers equalling $21T and have really poor audit controls. While bad audit controls is a legitimate and serious problem, it very much is not the same as what people normally think of as "Spending".
- roganp 9y agoBut these are adjustments that are larger than the entire (associated) budget. How is even possible? How do poor controls lead to these astronomical errors?