Word: audits
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Dates: during 1990-1999
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...steadfastly refused to release any records pertaining to Harvard's indirect costs since 1987, citing the current negotiations between the department and the University. And Harvard has declined to release the Coopers & Lybrand audit report it recently commissioned to examine indirect cost billings for this year...
...July 1987, HHS believed the negotiations were at a stand-still and asked the Inspector General's office to audit the Medical School's indirect cost billings for fiscal years...
Days after settling into her office, Richards began to prune and energize the bloated bureaucracy and "make government mean something in people's lives." She quickly imposed a hiring freeze and pushed a sweeping audit of state operations to eliminate such excesses as the 16 separate agencies that deliver health and human services, including the several panels that administer Medicaid to the poor...
Price Waterhouse in the Cayman Islands, an entity separate from the British firm, had earlier performed another fascinating audit. TIME viewed an Oct. 18, 1985, Report of the Auditors to the Members of International Credit & Investment Co. (Overseas) Ltd., which said, "Customer deposits consist of confidential accounts which are not conducted as open accounts requiring periodic dispatch of statements. Furthermore, because of company policy we have not been able to confirm any deposit balances directly with customers, and therefore it is not possible for our examination of such accounts to extend beyond the amounts recorded." With this highly unusual qualification...
Revenge is a dish best served cold -- and on White House china. While drafting its recently submitted budget, the Bush Administration secretly proposed that the IRS target its stringent audits not on wealthy individuals and companies (whose lawyers can often stall a case for years) but on middle- and lower- income taxpayers (who generally pay up without protest and provide immediate revenue). IRS Commissioner Fred Goldberg rejected the cash-now plan, calling it "no-good tax policy." But his request to spend an additional $76 million to catch rich tax cheats was pared down to a puny $6 million. Could...