Word: auditable
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Dates: during 2000-2009
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Airline safety is about to become less comprehensible and more controversial. That's because the Federal Aviation Administration will this month release the results of a safety audit that the airlines say was so botched by the agency as to be confusing to the flying public and damaging to carriers. It will give some bad marks to the major airlines, which carry 80% of all passengers in the world's safest system. The audits are so problematic that the Inspector General's office of the Department of Transportation has launched its own investigation into the agency's auditing process...
...audit blitz began in the aftermath of the crash of Alaska Airlines Flight 261 in January 2000. That airline not only had a widely admired safety record but also was operating under the careful view of the FAA's most rigorous oversight program, the Air Transportation Oversight System (ATOS). After the crash, the FAA rushed to discover what went wrong with its oversight as well as with the airplane's mechanical systems. Immediate changes were ordered in Alaska Airlines' operations...
Since then, the FAA has launched high-speed "safety audits" of the country's nine largest airlines. Critics, including the airlines, pilots and outside safety experts, are furious, charging that the process was flawed from the start, hastily done and staffed by inexperienced personnel. "For those passengers who wonder if the Federal Government is doing all it can to make flying safer, this safety-audit process represents exactly the wrong way to go," says Jim McKenna, the former safety writer for Aviation Week and now executive director of the Aviation Safety Alliance, an industry group set up to improve public...
...your chances of being audited by the IRS plunged to 1 in 204, the agency reported Thursday - half the rate of 1998. Even upper-income types earning $100,000 a year or more, traditionally auditors' favorite targets, saw their chances fall 31 percent from 1999, to less than 1 in 100. Audits of corporations fell 13 percent. Even the working poor, whose use of the Earned Income Tax Credit got them particular scrutiny from IRS enforcers because of a congressional order, could roll the dice 161 times without coming up audit...
...Lucent spokeswoman Kathleen Fitzgerald told the Journal it was "voluntarily and completely cooperating with the SEC" since it was first contacted in November, and has shared not only all of its findings on revenue restatements with the commission but also the results of an external audit. Company lawyers have also been regular visitors to SEC headquarters in Washington...