Audit Faults Irs' Rushed Spending ; Treasury Fears Year-End Spree Increases Risk of Waste, Abuse
The Washington Times › October 08, 2007
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Summary
The Internal Revenue Service is under scrutiny for rushing to spend tens of millions of dollars in the weeks before the end of the fiscal year, when the agency's ability to use money expires or comes with more strings.
Government auditors worry that with the last-minute purchasing comes an increased risk of wasteful spending.See the full content of this document
Extract
Audit Faults Irs' Rushed Spending ; Treasury Fears Year-End Spree Increases Risk of Waste, Abuse
Federal agencies usually lose funds at the end of the fiscal year if they have not "obligated" the money, which usually means si...
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