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by fundingshovel 3114 days ago
Read more carefully, that's the total of all improperly accounted for transactions, not lost money.

While it's still a complete shit show. There's a huge, almost click bate difference.
1 comments
joeframbach 3114 days ago
The title right now is "MSU Scholars Find $21T in Unauthorized Government Spending". Did it change?
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fundingshovel 3114 days ago
No, but the report is about journal voucher adjustments which isn't spending exactly spending.

The report says not that they're "spending" $21T, but that they made a cumulative amount of errors and corrections in their vouchers equalling $21T and have really poor audit controls.

While bad audit controls is a legitimate and serious problem, it very much is not the same as what people normally think of as "Spending".

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roganp 3114 days ago
But these are adjustments that are larger than the entire (associated) budget. How is even possible? How do poor controls lead to these astronomical errors?
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