SocraticGadfly: When is an audit not an audit?

November 09, 2008

When is an audit not an audit?

When the Defense Department is auditing one of its contractor big buddies.
“We have been basically on the trust system for years,” said one auditor. “It did not work on Wall Street and it is not working for federal contracts.”

Missing paperwork, obfuscation about paperwork and more – it’s all there, or not there.

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