An audit is rarely something that is looked forward to, but
sometimes, as is the case for the Tennessee Valley Authority (TVA), it can lead
to good discoveries. In the case of the
TVA, the organization recently discovered that a company—AMEC Environment and
Infrastructure Inc.— had overbilled it for a Kingston Fossil Plant ash spill
cleanup back in 2008.
The overbilling is quite substantial—a whopping $2.2 million
dollars, but it’s still only “alleged.” AMEC is arguing that the findings of the audit are inaccurate, so only
time will tell who is telling the truth or whether this matter was simply a
mistake.
You don’t have to wait for an auditor to knock on your door
to learn about possible mistakes or errors in your business’s finances or in
your own personal finances. In fact, it’s better for you to be aware of
problems and to correct them before they cause trouble. Make sure all your
financial matters are straight by contacting Susan S. Lewis, Ltd. of
Naperville.
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