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Audit Report On Lost Indiana Money


You may remember that the state of Indiana lost track of a little more than a half billion dollars over the past year.

Now auditors investigating Indiana's Department of Revenue are saying that it was outdated technology and a work culture that sacrificed accuracy for speed that led to $526 million in tax errors.

The audit results come roughly a year after Gov. Mitch Daniels disclosed the misplacement of $320 million in corporate tax collections.

That money was used to pay for a year of full day kindergarten and to pad the state treasury.

The audit also showed errors with 55,000 taxpayer accounts and over 2,800 tax refund requests that were never processed.

The audit did show that new management at the agency was trying to correct the problems.