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Started By
Message
Dr. Carson finds 500 billion in fraud and waste at HUD under Julian Castro
Posted on 4/5/17 at 10:32 pm
Posted on 4/5/17 at 10:32 pm
LINK
Wow.
Was there any Obozo staff that weren't outright criminals?
Wow.
Was there any Obozo staff that weren't outright criminals?
This post was edited on 4/5/17 at 10:33 pm
20
Posted on 4/5/17 at 10:33 pm to CptBengal
Did you actually read all that shite?
Posted on 4/5/17 at 10:35 pm to dkreller
quote:
The total amounts of errors corrected in HUD’s notes and consolidated financial statements were
$516.4 billion and $3.4 billion, respectively. There were several other unresolved audit matters,
which restricted our ability to obtain sufficient, appropriate evidence to express an opinion.
These unresolved audit matters relate to (1) the Office of General Counsel’s refusal to sign the
management representation letter, (2) HUD’s improper use of cumulative and first-in, first-out
budgetary accounting methods of disbursing community planning and development program
funds, (3) the $4.2 billion in nonpooled loan assets from Ginnie Mae’s stand-alone financial
statements that we could not audit due to inadequate support, (4) the improper accounting for
certain HUD assets and liabilities, and (5) material differences between HUD’s subledger and
general ledger accounts. This audit report contains 11 material weaknesses, 7 significant
deficiencies, and 5 instances of noncompliance with applicable laws and regulations.
Posted on 4/5/17 at 10:35 pm to dkreller
I thought the same thing until I saw two paragraphs stating what they found.
Posted on 4/5/17 at 10:36 pm to dkreller
It's what educated people do, read shite.
Posted on 4/5/17 at 10:36 pm to CptBengal
quote:
What We Found The total amounts of errors corrected in HUD’s notes and consolidated financial statements were $516.4 billion and $3.4 billion, respectively. There were several other unresolved audit matters, which restricted our ability to obtain sufficient, appropriate evidence to express an opinion. These unresolved audit matters relate to (1) the Office of General Counsel’s refusal to sign the management representation letter, (2) HUD’s improper use of cumulative and first-in, first-out budgetary accounting methods of disbursing community planning and development program funds, (3) the $4.2 billion in nonpooled loan assets from Ginnie Mae’s stand-alone financial statements that we could not audit due to inadequate support, (4) the improper accounting for certain HUD assets and liabilities, and (5) material differences between HUD’s subledger and general ledger accounts. This audit report contains 11 material weaknesses, 7 significant deficiencies, and 5 instances of noncompliance with applicable laws and regulations.
This post was edited on 4/5/17 at 10:38 pm
Posted on 4/5/17 at 10:37 pm to CptBengal
That's like 25 walls
Posted on 4/5/17 at 10:37 pm to CptBengal
Our entire government is corrupt both democrats and republicans. Trump is the last shot the American people have at a fair chance.
Posted on 4/5/17 at 10:39 pm to CptBengal
Prayers to the auditors for that nightmare. Hell of a qualification statement.
I bet.
quote:
the Office of General Counsel’s refusal to sign the
management representation letter
I bet.
Posted on 4/5/17 at 10:41 pm to dkreller
Just skip to pages 28-30
Posted on 4/5/17 at 10:41 pm to PsychTiger
quote:
It's what educated people do, read shite.
Posted on 4/5/17 at 10:41 pm to CptBengal
quote:
This audit report contains 11 material weaknesses, 7 significant
deficiencies, and 5 instances of noncompliance with applicable laws and regulations.
:O
If a company on the stock market had this in the audit it's stock would drop to 0
Posted on 4/5/17 at 10:46 pm to CptBengal
Its a 126 page document and Carson's name is nowhere on it. He probably hasn't found the mail room yet.
Posted on 4/5/17 at 10:48 pm to CptBengal
I remember how people laughed at Carson running the HUD. Turns out he cleans up the mess of the affirmative action predecessor.
Posted on 4/5/17 at 10:50 pm to Lou Pai
Just because he's boring doesn't mean he's dumb. He is a got damn neurosurgeon after all.
Posted on 4/5/17 at 10:52 pm to CelticDog
quote:
You lose. Again
No dumbass. We all lose. That over a half trillion dollars in taxpayer money that has been lost or misaccounted for and your dumbass is too busy trying to debunk whether Ben Carson had a hand in writing the report. Who gives a crap about Ben Carson?
Posted on 4/5/17 at 10:53 pm to Lou Pai
quote:
I remember how people laughed at Carson running the HUD. Turns out he cleans up the mess of the affirmative action predecessor.
Well duh, Carson didn't become an incredible neurosurgeon by accident or thanks to his skin color.
And there are democrats who are honestly peddling Commie Castro as a legit contender for the dem nomination in 2020.
Posted on 4/5/17 at 10:54 pm to dkreller
I bet they won't get the point you just made. They don't have the mental capacity to comprehend how they get used like sheep.
This post was edited on 4/5/17 at 10:54 pm
Posted on 4/5/17 at 10:56 pm to CelticDog
You're not understanding what you quoted.
The issues for FY15 and FY16 they noted in your quote was that they were unable to issue an opinion on the fairness of statements because HUD did not provide the needed info.
This was a reissue, date 3/1/17 (after Carson took over) which finally identified these issues because Carsons HUD actually cooperated with the auditors.
The issues for FY15 and FY16 they noted in your quote was that they were unable to issue an opinion on the fairness of statements because HUD did not provide the needed info.
This was a reissue, date 3/1/17 (after Carson took over) which finally identified these issues because Carsons HUD actually cooperated with the auditors.
Posted on 4/5/17 at 11:07 pm to CptBengal
quote:
Was there any Obozo staff that weren't outright criminals?
There was never any doubt to a thinking person that Obama's rule would be incompetent (as frick), but the level of corruption is continually astonishing.
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