Subscribe for NewsLetters
Email: *
First Name: *
Last Name:
Enter Captcha:*
Audit Net Ad Highered Whitepaper
Futr 468x60 (1)
Encoursa 468x60
C Risk Academy Banner
Look ahead: Greater focus for auditors on fraud detection

Published August 01, 2017 00:39

Audit Net.72.Sm Caseware Analytics George W. Bush promised to eliminate it. Barack Obama vowed to reduce it by $50 billion. Donald Trump said he’d reduce it by half over the next 10 years. What is it that they were all referring to? The “improper” payments by the U.S. government every year.

The Government Accountability Office (GAO) has estimated that in 2016 these types of payments cost the government $144 billion or four cents on every federal dollar spent. While not every improper payment is undeserving, an estimate by Deloitte suggests that about a third—or $47 billion—is fraudulent...

Read the newsletter for the article!

Back to all news