Watching Government - Oil auditing

07/21/2003
The Department of the Interior's Minerals Management Service says it is improving its auditing procedures after its Inspector General (IG) found serious flaws with the current system. MMS also is planning an external peer review of its program later this year to confirm that new agency safeguards are working.In a semiannual report issued to Congress this spring, IG said MMS audits did not meet "required professional standards." In an IG audit conducted last year, MMS recreated a set of working papers that it had lost and improperly presented the documents as the originals. Also troubling to IG was that MMS auditors could not provide working paper files for five audits.Corrective actio...
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