EXCLUSIVE — The Office of Management and Budget on Monday sent a memo to executive department and agency heads directing them to change the way they perform internal audits, citing findings from the Department of Government Efficiency indicating that traditional audits have missed matters ranging from “fund control lapses to procurement irregularities,” according to a copy of the document obtained by the Washington Examiner.
Federal auditing guidelines will be updated to require the use of a single-year format to better track granular transactions that policymakers suspect could be driving wasteful spending, according to the memo. Additionally, the OMB has directed agencies to utilize their accounting practices to stop waste before it happens.
The OMB’s memo charges that past administrations have failed to use audits proactively, arguing
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