House Audit Reveals Gross Waste and Mismanagement
Publication Date: July 1995
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Dan Greenberg
Research Area: Banking and finance
Keywords: Government reform
Type: Report
Abstract:
The accounting practices of the 103rd Congress that the Price Waterhouse audit revealed demonstrate that the House’s financial and operational controls are worse than even the House’s harshest critics had imagined. The fourteen material weaknesses that auditors uncovered would be troubling if they appeared in a medium-sized business. Their presence in the 13,000-employee House of Representatives is a national disgrace.
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