Ben Carson was the first neurosurgeon to successfully separate conjoined twins, so, he's kind of a super hero.

But apparently, he's also not a bad accountant.

President Trump picked Carson to head the Department of Housing and Urban Development, whose budget grew by leaps and bounds under Barack Obama.

In one of his first acts as HUD Secretary, Carson ordered an audit of the agency. What he found was staggering: $520 billion in bookkeeping errors.

"The total amounts of errors corrected in HUD’s notes and consolidated financial statements were $516.4 billion and $3.4 billion, respectively," the auditors wrote.

But there were plenty of other problems, too.

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.

The same problems were detailed for each of the last three audits, and the auditors say the continued problems “were due to an inability to establish a compliant control environment, implement adequate financial accounting systems, retain key financial staff, and identify appropriate accounting principles and policies."

So, look for Carson to get out his scalpel and start operating. Or perhaps he'll use a machete.


http://www.dailywire.com/news/...s-during-joseph-curl

Way to Go.

Nothing new.

HUD books worthless.

I was a big Carson supporter during the primaries. I believe he is intelligent enough and far enough outside the usual D.C. Slime to get his department under control, make it productive and do so under budget.
An immediate audit is a great first step, let's see how this progresses.

Damn those that have used our government and treasury as their tool and slush fund.

Nice job, Dr. Carson and staff. I expect more of this to come out.

You don't say.

$500 billion? WTF?

That's almost half a trillion dollars.

quote:

Originally posted by Fenris:
$500 billion? WTF?

That's almost half a trillion dollars.

Last I looked $500 billion is half a trillion dollars. Nothing "almost" about it.

quote:

Originally posted by Fenris:
$500 billion? WTF?
That's almost half a trillion dollars.

Build the Wall!
... and let HUD pay for it!

Isn't that roughly what the budget has been for defense spending? The same defense budget that libs always want to cut to fund entitlements. Shoot, rather than cut defense just go look in the chair cushions over at HUD!

Every single department or agency of the government should be going through a complete anal exam audit.

Gallows and rope

Safe to assume the $500,000,000,000 (more of an impact with all the zeros) was not in the taxpayers favor?

If any of you were to keep your checkbook as badly as the fed.gov does their accounts, an IRS SWAT team would ambush you in your shower.

quote:

an IRS SWAT team would ambush you in your shower.

That's actually a fantasy of mine, but I digress...

What a bunch of bullshit. This is out and out fraud and a bunch of assholes should go to prison for a long, long time.

I saw the article today, mused a bit as I teach college accounting/auditing.

And I am quite confident this is the tip of the iceberg as to Obama's fraud.

I wanted him for POTUS - just to demonstrate to the idiots that it's the ideas, and not the pigmentation.

Carson would make Zero look like the charlatan he is.

Go Ben. I love ya'.

quote:

Originally posted by Scoutmaster:
I saw the article today, mused a bit as I teach college accounting/auditing.

And I am quite confident this is the tip of the iceberg as to Obama's fraud.

Every Demo politician and bureaucrat has a right to be a billionaire. It's right there in the Constitutional penumbras.

quote:

Originally posted by lastmanstanding:
Every single department or agency of the government should be going through a complete anal exam audit.

Couldn't we just do it yearly?