Thursday, October 20, 2011
Federal inspectors general found numerous ways last year for the government to save as much as $87.2 billion, according to the Council of the Inspectors General on Integrity and Efficiency.
At a recent banquet honoring the work of IGs, awards were presented to auditors for recommending savings and pointing out abuses.
The Alexander Hamilton award, considered the profession’s highest honor, went to the Department of Transportation’s inspector general’s office for investigations into bridge safety.
A team from the Small Business Administration was acknowledged for identifying $925.6 million in Community Development Block Grant funds that were used instead to pay down the agency’s disaster loans.
The Department of Veterans Affairs auditors were honored for winning a $750 million civil settlement and criminal fines from GlaxoSmithKline after it discovered the drug manufacturer had been selling the government defective pharmaceuticals.
The General Services Administration gained recognition for recovering $93.5 million from Verizon for overcharging and $48 million from Cisco Systems for providing incomplete information that led to “defective pricing” of Cisco products.
-Noel Brinkerhoff
Igs Lauded for Sniffing Out Potential Savings of $87.2 Billion in Last Year (by Corbin Hiar, iWatch News)
Inspectors General Saved $18 for every $1 They Spent (by Noel Brinkerhoff, AllGov)
Comments