Auditors May be Everywhere!

For the projects that will be performed using Stimulus Act funds, there is extra access for auditors on Stimulus funding.

1. The Government Accounting Office (GAO) is granted the right to audit all stimulus funded contracts.

2. The Inspector General (IG) of each agency can audit any contract using stimulus funds.

3. There is going to be a new Accountability and Transparency Board (to be appointed) that will also have the right to audit all stimulus fund contracts

The audit rights of each of these groups have also been expanded. Each of these audit groups will now have the right to interview any officer or employee of the contracted firm.

Another item of note is that these offices may accept information from the public and must investigate the information if they believe it has credibility.

Clearly, stimulus funds are going to be subject to a very high degree of scrutiny.