The E-Sylum:  Volume 6, Number 49, November 16, 2003, Article 10

MINT AUDIT FINDS PROBLEMS

  A story published November 11th in the Rocky Mountain
  News notes that an audit has found many potential problems
  at the U.S. Mint.

  "The agency that makes your money has trouble keeping track
  of it.

  For each of the past three years, the U.S. Mint's private auditor
  has warned of serious security problems with  computerized
  records in its coin division.  The mint's financial controls also
  were riddled with holes, the auditors  found.

  Specifically, the auditors said, employees could tinker with
  computerized records, including financial transactions. And
  mint staff didn't sufficiently check bills, payroll, and credit
  card accounts before paying them, the audits said."

  "In response, mint officials in Washington said they have
  corrected many problems, and auditors found the mint's
  year-end financial reports to be accurate.

  No financial losses have been found, either from errors or
  hackers, the mint said.

  But sloppy documentation cost the mint $13 million in silver in
  a 2001 dispute that's still in court."

  For the full article, see

http://rockymountainnews.com/drmn/local/article/0,1299,DRMN_15_2418890,00.html

  Wayne Homren, Editor

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