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The Harmful Effects of Wasteful Spending

The Harmful Effects of Wasteful Spending This paper examines the significant problems that result from wasteful spending, which include fiscal irresponsibility, deferred maintenance, and excessive executive compensation. Waste in areas such as health care, defense, higher education, and municipal government are studied. The authors conclude that executives and auditors should be as concerned with wasteful spending as fraud because the former can be as devastating to an organization as the latter. Keywords: fraud; wasteful spending; health care; higher education; transit authority; Pentagon. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Contemporary Philosophy Addleton Academic Publishers

The Harmful Effects of Wasteful Spending

Hershey H. Friedman
Review of Contemporary Philosophy , Volume 21 (1): 14 – Jan 1, 2022
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Publisher
Addleton Academic Publishers
Copyright
© 2009 Addleton Academic Publishers
ISSN
1841-5261
eISSN
2471-089X
Publisher site
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Abstract

This paper examines the significant problems that result from wasteful spending, which include fiscal irresponsibility, deferred maintenance, and excessive executive compensation. Waste in areas such as health care, defense, higher education, and municipal government are studied. The authors conclude that executives and auditors should be as concerned with wasteful spending as fraud because the former can be as devastating to an organization as the latter. Keywords: fraud; wasteful spending; health care; higher education; transit authority; Pentagon.

Journal

Review of Contemporary Philosophy – Addleton Academic Publishers

Published: Jan 1, 2022

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