So there is a regular audit, yeah, and the report and summary both mention that it happens. That's not what this report was commissioned for. This audit was called because actual scrutiny showed the original audits were, as nenjin says, in pretty bad shape.
Actually missed nenjin's bit (was it edited in, or did I just miss it?), but yeah, I'm aware of why the report was commissioned -- I was making the note because I noticed a lot of people (off b12, obviously enough) in passing attributing this to carson, when not even the stuff related to the restatement had sod all to do with him. As noted, I made the mistake of thinking there could be a connection as well.
That said, the thing that's standing out to me is that from what I can tell it looks like more or less the exact same thing
happened previously -- the 2015-2016 report wasn't the first with restated numbers, i.e. another go was called in 'cause the first was pretty shit. Looks like years before had similar problems, checking a little. And in
those? It doesn't appear like the cumulative total of the data errors were reported on, despite the identified issues being nearly identical.
On one hand, I can understand why that might have happened, particularly considering this is clearly a multi-year issue (though for what that's worth, I can also understand why it would take many years to
fix, particularly in a federal program where workers cling to their positions like someone on a ship mast in the middle of the ocean). Someone could have totally wanted to give the folks apparently dragging ass around a kick in the rear. On the other the change happening to be in this report, released just before carson came in, with an opinion that (as lots of the initial reporting seem to be seizing on) can easily be construed as saying there's a half-trillion dollar fraud case sitting under the HUD's financial work and making both no apparent effort to clarify the actual import of what they're saying and a fair go at pointedly
not... I'm not saying there's foul play going on, exactly. Just that it's sketchy.
There's definitely a problem going on, mind you. It's just the problem doesn't appear to be of the magnitude or nature that people (including yourself, as per your comment related to their actual budget size) seem to be seizing on.
You also seem to be parsing 3.4 billion as 3.4 million, which is... a pretty substantial difference, either that or I'm just missing where you're getting that number from.
Appendix A, the very first thing in the appendix.
E: Though it did just occur to me there's something morbidly hilarious about people attributing this to trump's lot, when the guy's basically promised to kneecap accounting standards for corporations at the least and had little to nothing to do with the report to begin with. Sudden and inevitable betrayal in X minutes and counting :V