Word: gao
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Dates: during 1940-1949
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...Board Chairman Charles B. Henderson had pooh-poohed most of this. Said he: "GAO does not show that the Government has suffered any loss whatsoever. . . ." But the House committee admonished RFC to follow Warren's recommendations, which include a complete overhaul of its accounting system and the appointment of a comptroller to see that the system works...
...House Merchant Marine Congressional Committee now probing the Maritime Commission, Lindsay Warren's General Accounting Office made a report: Maritime Commission books had been kept so badly that GAO could not find out how the money had been spent. Apparently, there were no records on $910,494,372 worth of ships which the Commission built. GAO had uncovered no record of fraud; it was just wondering what happened...
...time GAO's fine-tooth comb has gone over so many billions, the Army is sure that many war contractors will be broke and many more severely hampered in achieving the main postwar objective of getting U.S. productive capacity swiftly converted to peacetime work. No amount of "savings" on specific overcharges would be worth that kind of loss, in the long...
Congressmen were torn between their belief in fiscal watchdogging and the demands of their business constituents for speedy conversion. They respectfully pressed GAO Boss Warren for his views. He admitted the compelling need for speed in terminating war contracts.* He also admitted that GAO could not possibly be fast enough 1) with its present funds and staff or 2) under his original suggestion that a meticulous audit of every item was necessary. The Army admitted that it had made some mistakes, would be bound to make some more, and that some war contractors would inevitably get away with modified murder...
...After World War I, some Government-business fights over war costs (notably the Bethlehem Steel case, finally settled in Bethlehem's favor in 1942) went on for more than 20 years. Today GAO, although it is relatively up-to-date on current audits, is still two to three years behind on less pressing business. * Committee members: the Army's Price Adjustment Board Chairman Joseph M. Dodge (chairman); Navy's PAB Chairman Kenneth H. Rockey (vice chairman); Maritime Commission's Thomas M. Woodward (also representing War Shipping Administration); Treasury's Captain Harry C. Maull...