annually audit the consolidated financial statements of the U.S. Department of Housing and Urban Development (HUD). HUD reissued its fiscal years 2016 and 2015 (restated) consolidated financial statements due to pervasive material errors that we identified. Our objective was to express an opinion on the fairness of HUD’s consolidated financial statements in accordance with U.S. generally accepted accounting principles (GAAP) applicable to the Federal Government. This report presents our reissued independent auditor’s report on HUD’s fiscal years 2016 and 2015 (restated) consolidated financial statements, including an update to our report on HUD’s internal controls.
==>The total amounts of errors corrected in HUD’s notes and consolidated financial statements were $516.4 billion and $3.4 billion, respectively.== 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.
BREAK YOUR FUCKING LINKS YOU MOUTH BREATHING CUM GARGLING ABSOLUTE ORLANDO FAG CLUB CUM DUMP
Daniel Cooper
Some kikes are gonna roast for this one
Grayson Gonzalez
...
Kevin Garcia
It doesn't sound like there's half a trillion missing - I'm not sure how that would be possible on a budget of 50 million.
Michael Thomas
Are you suggesting that HUD had access to 450 billion more than they should have, and wasted it accordingly? Or, HUD had some shitty accounting practices, and forgot to carry the 1 (albeit 500 billion times)?
Christopher Gonzalez
Seems like it, so it was run by retards. Who knows how much money they lost.
Charles Cruz
Pimpin ain't easy
Colton Baker
This scheme is partly how obamacare was paid for
This method of funneling cash was used in many other levels of the beaurocracy
Blake Wright
If Trump wasn't elected we would have 100% turned into a third world banana republic wouldn't we?
Andrew Cox
You are just as retarded for mindlessly clicking links you turbo faggot. Also install a referral block already you fuck.
Nicholas Lopez
So this is basically proof of fraud, right?
Jason Thompson
Well the pools closed, sleepy Niggers ending the hood party.
Cooper Reyes
Keep in mind, most of America has most of their money in there house.
Crash the housing market, or steal it to pay for nigger care, and you are literally stealing from middle class whites all their savings.
Christian Kelly
This could be memory holed given some big event such as war or a pearl harbor like event. Remember Enron, no?, well that's my point.
Hudson Gomez
The implication being that I bother to click them in the first place.
Andrew Johnson
I guarantee this is a small drop in the bucket in government (((accounting errors))).
Carter Gomez
CPA here
This language is very, very damning in accountant speak. They are basically saying they uncovered massive and widespread fraud enabled by lax or nonexistent financial controls. This is about as strongly worded as an Audit can be, it screams at anyone who knows the language HEY THERE WERE CRIMES COMMITTED HERE!!! After all, that's exactly what it's intended to do.
Adam Garcia
Worse. If you're white we probably literally dodged a bullet. This appears to me to be a plan engineered to destroy America. The Alex Jones of 2008 was right: Obama is a Marxist who's mission it is is to destroy the U.S. from within. Every one of the people helping institute this needs to be locked up never to see freedom again for the rest of their natural or unnatural lives.
Mason Carter
The Alex Jones of 2008 was right: Obama is a Marxist who's mission it is is to destroy the U.S. from within.
Pure crystalline truth.
Jordan Green
It doesn't take a doctorate in accountant speak or legalese to get the gist of it.
Juan Wood
Hey how do we know the debt is actually at the level (((they))) say it is? Is it possible they hid more massive unfunded liabilities in the bureaucracy?
Aaron Allen
double dubs of truth. Also is it not sad to post "Alex Jones was right."
Austin Campbell
How do Israel and Time warner let him say so much?
Juan Reyes
Because they do not directly control him. They just allow and likely helped him grow due to him being blue pilled on the JQ. Why fund and train your own controlled opposition when you can save $$ and guide the course of someone who would otherwise be your opposition. do not forbet that Die juden are frugal with their own resources, it's your resources they use to splurge on ebony dragon dildos.
Christopher Thomas
Fuck that, the guy has way too many CIa assets feeding him shit, he knows, and he doesn't care because they pay him to talk and tell him everything to say.
Austin Flores
Seems to me that he has two kind of Feds feeding him info. Type A: the disinfo type who send him info in order to help control the national narrative. Type B: the whistleblowers who see him, and more importantly his hundreds of radio outlets and website/internet outlets, as the best method to spread what they know. Type A is the most numerous, but the type B is what makes him so dangerous to both TPTB and to those who wish to for truth to be the narrative. Type B's lend him credibility that cannot be easily assailed by either party. He seems, to me, to be a useful idiot that Holla Forums, and those like it, can use to the benefit of The People.
Thomas Gomez
Also an accountant here. An audit is worthless without enforcement of the laws. Who is going to take the government to jail? Who is going to knock on the doors? You can scream all day about the wrongdoings, and it's another scream in the abyss. This was proven by the 2008 fiasco and the golden parachutes. Until someone is in prison, your audit is toilet paper.
There have been numerous uncoverings of massive fraud and black holes within government funding, and what has been done about it? Have we hung anyone? Have we reclaimed the money? Have we stopped the funding leaks and embezzlement, have we disbanded the corrupt organizations?
Without enforcement, the law is a polite suggestion.
At best, if anyone notices then the US bond rates and the currency value might slightly dip. Slightly. Every nation in the world is fucked, so an individual nation being fucked is no longer damning.
We've had enough information uncovered to justify a terminal prison sentence for every fly in the swamp, and yet the flies are still free. More information does not help us. Action does. Unless Trump makes some new order of police who have authority over the government itself, what can anyone do? Even a french revolution won't bring the money back. This audit report is just telling us what we already know.
Nathan Fisher
Alex Jones has a persona like a wrestler that we see for dramatic effect, but from what I know knowing people who are around him that he genuinely believes what he's talking about and his self driven mission in life. I believe he is just easy to steer with misinfo that he gets taken advantage of by what he perceives are his enemies.
Chase Thomas
what the fuck people
Tyler Richardson
Accounting errors =/= missing funds. Accounting errors are the total number of mistakes on all bookeeping records added up. Until the errors are fixed and the audit is finished there is no indication how much money is actually missing. Apparently $6 billion is missing in total.
Benjamin Flores
Welp that gives the term "black budget" a whole new meaning.
Alexander Price
Bump. Surprised this hasn't gotten more attention.
Gabriel Lopez
(((error)))
Tyler Kelly
The HUD's mission statement in pic 2 essentially describes an absolutely meaningless bureaucratic institution in a hard working homogeneous society. Save for the part about protecting housing from the environment, but counties can do that by themselves individually with a separate budget.
LBJ signed this pile of shit into legislation. I'm guessing it has Marxist and Semitic roots and serves as a massive money laundering scheme, as well as the instrument of destroying communities by forcing foreigners and other minorities into homogeneous populations.
It's massive money sink that needs to be repealed.