As has been the case for quite a few years, the Social Security Administration hired an outside auditor, Ernst & Young this time, to audit its books and operations. The report is not a ringing endorsement of agency operations, although the problems didn’t just start a year ago. Implementation of the audit recommendations is out of the question due to lack of funding.
4 comments:
This administration picked the right company for an audit.
Washington D.C., June 28, 2022 —
The Securities and Exchange Commission today charged Ernst & Young LLP (EY) for cheating by its audit professionals on exams required to obtain and maintain Certified Public Accountant (CPA) licenses, and for withholding evidence of this misconduct from the SEC’s Enforcement Division during the Division’s investigation of the matter. EY admits the facts underlying the SEC’s charges and agrees to pay a $100 million penalty and undertake extensive remedial measures to fix the firm’s ethical issues.
Ah, so Frank is doing a pretty dang good job cleaning up the mess of his predecessor?
More than correct about inability to implement. All OCIO hears about is audit recommendations like they can be implemented with a magic wand. The people necessary to make changes left. Maybe AI can do it? Good luck. I’d love to see it.
For real!
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