The E-Sylum:  Volume 7, Number 10, March 7, 2004, Article 11

MINT FINANCIAL PROBLEMS DECLARED FIXED

  A March 5th article in the Rocky Mountain News says
  "The U.S. Mint has fixed problems in keeping track of its
  money, according to its annual report and audit.

  But the potential loss to taxpayers from past problems rose
  to $63 million, the report said.

  In 2000, 2001 and 2002, the mint's private auditor warned
  of significant security problems with its computer and financial
  controls.

  The auditor said that financial records were vulnerable to
  tampering and that employees didn't check bills, payroll and
  credit card accounts adequately before paying them.

  The 2003 audit indicates that those problems have been fixed.

  "This is as clean as I've seen on any federal agency," said Roger
  Von Elm of Urbach, Kahn and Werlin, the mint's private auditor."

  To read the full article, see: Full Article

  Wayne Homren, Editor

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