I did, the $500 billion came from 'rounding' multi billion figures to the nearest billion, or ten billion, or hundred billion, in the AFR reports,. The errors canceled out, but they summed up the absolute differences. Ex: 5.5 billion rounded to 6 billion then the next where 9.4 billion is rounded to 9 billion. The report adds up the 0.5 billion and 0.4 billion roundings, and calls that a 0.9 billion dollar error.
The lies you fascists tell.....
{
What We Found
The total amounts of errors corrected in HUD’s notes and consolidated financial statements were
$516.4 billion and $3.4 billion, respectively.
There were several other unresolved audit matters,
which restricted our ability to obtain sufficient, appropriate evidence to express an opinion.
These unresolved audit matters relate to (1) the Office of General Counsel’s refusal to
sign themanagement representation letter, (2) HUD’s improper use of cumulative and first-in, first-out
budgetary accounting methods of disbursing community planning anddevelopment program
funds, ( 3) the $4.2 billion in nonpooled loan assets from Ginnie Mae’s stand-alone financial
statements that we could not audit due to inadequate support, ( 4) the improper accounting
for certainHUD assets and liabilities, and (5) material differences between HUD’s subledger and
general ledger accounts. This audit report contains 11 material weaknesses, 7 significant
deficiencies, and 5 instances of noncompliance with applicable laws and regulations.}