Audits in the News: A third-party audit, commissioned by the Audits Division, gets some attention.
We here in the audits division are proud that the work we do makes a difference. Our work attracts the attention of the legislature, statewide news sources, and even local media outlets. Local media coverage of our audits is just another way we communicate with the people of Oregon about the work that we’re doing on their behalf to make government better. This is part of an ongoing series of posts rounding up recent instances in which the Oregon Audits Division makes a cameo in the local news.
The Secretary of State and the Oregon Audits Division commissioned a third-party audit of Oregon’s Business Energy Tax Credit, known as BETC. The credit, administered by the Department of Energy, had been the subject of a number of news articles in the past few months.
Earlier this month, the results of that investigation were released, also to some media coverage. You can read the Secretary’s letter, explaining the purpose for the audit and its findings, here.
Also be sure to read the full report here.
The Oregonian – Audit finds ‘suspicious behavior’ in dozens of energy projects that got Oregon tax credits
“More than a quarter of the large business energy tax credits issued by the Oregon Department of Energy over eight years ‘seemed improper, violated statutes or rules, or exhibited suspicious activity,’ a first-ever independent audit of the controversial program found.”
Statesman Journal – Audit finds problems with some Oregon energy tax credits
“An independent investigation of Oregon’s Business Energy Tax Credit (BETC) program found ‘concerning’ risk factors in more than one-third of the $1 billion in credits issued since 2007.”
The Portland Tribune –Audit: ‘Suspicious behavior’ on energy credits forwarded to DOJ
“Finding no direct evidence of fraud, Oregon Secretary of State Jeanne Atkins nevertheless has forwarded ‘circumstantial evidence of suspicious behavior’ in 79 projects that received business energy tax credits to the Oregon Department of Justice.”
Oregon Public Broadcasting –Audit: Shuttered Oregon Tax Credit Program Issued Money for Suspicious Projects
“More than a third of the credits issued under a tax credit program for renewable energy companies in Oregon went to problematic projects.
That’s according to an independent analysis issued Thursday by the Oregon Secretary of State’s office.
The report was prepared by a Portland-based consulting firm that specializes in financial crimes. It was paid for by the Secretary of State’s office.”