Tuesday, November 12, 2013

Tennessee Valley Authority Overbilled

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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