February 2, 2008
UST Suspends Audits due to Lack of Funding
This is from the UST Website.
"The FY 2008 Consolidated Appropriations Act, Public Law 110-161, provided no funding for debtor audits. As a result, the USTP has suspended its designation of cases subject to audit and has notified the independent accounting firms performing the audits. The Program is pursuing alternative sources of funding to permit it to resume the designation of cases subject to audit and, if successful, intends to reinstate the audits."
My understanding is that the audits were resulting in very few findings of wrongdoing. That may be, of course, because people were worried about the audits and stopped cheating so much.
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