Word: audits
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Your car gets a flat during rush hour. A cigarette cinder singes a favorite shirt. Neighborhood hooligans drape toilet paper from tree to shrub to tree, the family dachshund finally gives up the ghost, or, God forbid, an IRS audit notice arrives in the afternoon mail. Cripes! Disaster...
TOURISTS IN CAMBRIDGE are invited by Harvard to audit some of the university's larger lectures, but those who can make it to Cuba can actually enroll in college courses. The CENTRAL UNIVERSITY OF CUBA, in cooperation with local tourism officials, offers classes in Spanish and agricultural science to those slumming their way through the Carribean workers' paradise. Fortytwo Canadian tourists last year took courses offered at the university, located in Villa Clara province, and tourism officials intend to offer an expanded program this year. Granma Weekly Review, Havana...
When the Pentagon detected irregularities in its audit of General Electric's contract to replace the warheads on Minuteman missiles, it did not file a civil suit. Instead, in an unusual move, it referred the case to the Justice Department for criminal prosecution. Last week U.S. Attorney Edward Dennis Jr. announced that a federal grand jury in Philadelphia had returned an indictment against G.E. for allegedly defrauding the Air Force of more than $800,000. In a swift and stiff follow-up punch, the Pentagon declared that it was temporarily barring G.E. from any new military contracts. As if that...
...involved in this criminal case is piddling compared with the $168 million repayment sought by the Government in a separate action against G.E. on billings for aircraft parts. A Pentagon audit of 8,000 agreements from 1978 to 1983 revealed that G.E. realized an actual profit of 24.6% on the deals compared with the anticipated rate of 15.2%. The Defense Department puts some of the blame on too lenient Air Force and Navy employees who negotiated the contracts. But it also accuses G.E. of overestimating inflation and labor costs and setting up a delivery schedule that benefited the company...
...babysitting expenses of one of its officials. Lewis admitted that some of the billings were improper and announced that General Dynamics was withdrawing $23 million | of its expense claims for the period from 1979 to 1982, or about one-third of the $64 million the Pentagon's Defense Contract Audit Agency is questioning...