The Harmful Effects of Wasteful Spending
The Harmful Effects of Wasteful Spending
Author(s): Hershey H. Friedman, Dov Fischer, Sholom SchochetSubject(s): Higher Education , Management and complex organizations, Health and medicine and law, Corruption - Transparency - Anti-Corruption
Published by: Addleton Academic Publishers
Keywords: fraud; wasteful spending; health care; higher education; transit authority; Pentagon;
Summary/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.
Journal: Review of Contemporary Philosophy
- Issue Year: 2022
- Issue No: 21
- Page Range: 7-20
- Page Count: 14
- Language: English
- Content File-PDF