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Irony alert: IRS fails government audit

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cory777 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-30-10 08:46 PM
Original message
Irony alert: IRS fails government audit
Source: Yahoo News

Getting audited is such a hassle! Just ask the IRS.

A new report from the Government Accountability Office inspected the tax agency's financial statements from the 2009 fiscal year with the exacting thoroughness of, well, of an IRS auditor, and found a few billion-dollar errors.

According to the report (PDF), the IRS made a variety of accounting errors last year that "could adversely affect the reliability of its financial statements" and result in "duplicate or erroneous refunds." Among the mistakes were a "failure to record the receipt of a taxpayers $3 million payment" and an $8 billion discrepancy between two accounting systems tracking how much money taxpayers owe. The audit also found a $5.1 billion "unexplained variance" between the total amount the agency took in last year and the amount its detailed tax files said it took in.

But what's a few billion here or there, right?

Read more: http://news.yahoo.com/s/ynews/20100630/bs_ynews/ynews_b...



Great Censored News at - http://senselessworld-cory.blogspot.com/
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earcandle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-01-10 02:14 AM
Response to Original message
1. When will the audit be made public so we can see the review? And the audit papers,please.
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Ter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-01-10 04:01 AM
Response to Reply #1
2. When the originl version Ron Paul sponsored passes
This version was watered-down to the core.
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-01-10 04:40 PM
Response to Reply #2
7. Yes and it is my understanding that the watering down
Was done so that the Big Boys like Bernanke could go ahead and make some billions to trillions of dollars of Bailout Funds available to their buddies in Europe.
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-01-10 04:38 AM
Response to Original message
3. I can remember when $1,000,000 was a sum people respected. Good times, good times.
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fasttense Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-01-10 05:54 AM
Response to Original message
4. $5.1 billion "unexplained variance" ????
Maybe this is the real cause of our budget deficit.
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sofa king Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-01-10 09:32 AM
Response to Reply #4
6. It could be that the auditors accidentally fingered a black op.
Edited on Thu Jul-01-10 09:33 AM by sofa king
Our intelligence and defense services frequently attempt to conceal their funding for secret operations, information collection, and R&D, to prevent other nations (and everyday Americans) from deducing what we're doing by looking at the price tag in the appropriations budget. Often, the Department of the Interior budget--and particularly that of the Bureau of Indian Affairs--is misused for this purpose, but hiding black operations within the IRS makes much better sense to me. They, after all, have much more money going in and out at any given time, while five billion large amounts to nearly a third of the entire BIA budget.

Considering that the previous administration was a criminal operation managed by career cloak-and-dagger types, we should probably expect to find hundreds of budget anomalies throughout the entire spectrum of government. We should also expect a percentage of those anomalies to be doubly fraudulent, with the money being secretly diverted from their (secretly stated) purpose into the pockets of Republican Party operatives instead.
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-01-10 08:27 AM
Response to Original message
5. Oh, ouch, you forgot to carry the 1. nt
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-01-10 05:43 PM
Response to Original message
8. K & R. nn/t
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