Audit solutions find $200 million missing in Georgia city

The value of using spent legitimately,” said Pittman. “But a great deal of it, I’m very suspect that it went anywhere near being spent on city-related projects.”

The news provider added that along with the absent purchase orders, auditors revealed that two years of records were either incomplete or missing entirely.

Incidents like these may be preventable for East Point in the future. Now that the city has realized that proper accounting procedures were not being followed, they may be able to take the necessary steps to ensure that the right documentation is being produced at all times.

Additionally, while the audit’s findings may be shocking for some East Point officials, the knowledge of the mismanagement may give them the opportunity to recover. This is among the most important reasons to conduct frequent audits: The chance to bounce back from mistakes and avoid them going forward.

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