$6 Billion Goes Missing at State Department

“The State Department has no idea what happened to $6 billion used to pay its contractors.  In a special ‘management alert‘ made public Thursday, the State Department’s Inspector General Steve Linick warned ‘significant financial risk and a lack of internal control at the department has led to billions of unaccounted dollars over the last six years.’  For instance, a recent investigation of the closeout process for contracts supporting the mission in Iraq, showed that auditors couldn’t find 33 of the 115 contract files totaling about $2.1 billion. Of the remaining 82 files, auditors said 48 contained insufficient documents required by federal law.”

http://www.thefiscaltimes.com/Articles/2014/04/04/6-Billion-Goes-Missing-State-Department

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