#financial-oversight

#financial-oversight

Every business, big or small, needs cash to run. If you don't watch where it goes, things can get messy real fast.

The near breach of the Greater London Authority's financial rules only came to light following a chance investigation by its internal counter fraud team.

The Trump administration accused states and schools of misusing federal grants meant for immigrants' children and low-income students, claiming they funded a radical leftwing agenda.

"Your people are relying on you. As of July 1, it's on you. You won't have the county, the Department of Finance, [Fiscal Crisis and Management Assistance Team]."

The Public Accounts Committee criticized the government's response to the recovery of nearly £2 billion in taxpayer losses from the Covid-19 bounce back loan scheme.

The Conservatives wasted billions of pounds on HS2 through poor management, badly negotiated contracts and constant design changes, the transport secretary will say on Wednesday.

"The CCO has also resigned from all directorships and offices associated with or connected to the university."

The news that it has written down €3.6m on a partly failed IT system must have felt like another slap in the face for staff in an organisation that has been struggling for its financial survival.

The city has paid more than $1.6 million in excess overtime since 2018, highlighting a significant oversight in budget management and financial accountability.

"The foundation lost approximately $3 million in recent years due to mismanagement, and the college's Board of Trustees felt increased oversight was needed to address this issue."