The Employment Development Department inaccurately estimated the amount of unemployment benefits paid to ineligible Californians, leading to claims of over $46 billion during the pandemic.
The audit report highlighted that the state's financial departments failed to follow generally accepted accounting principles, indicating weaknesses that could mislead the public on state finances.
Auditors documented 14 deficiencies, warning some could cause incorrect information in the Annual Comprehensive Financial Reports, critical for the state's budgeting process.
During the COVID-19 pandemic, the sharp rise in fraudulent unemployment claims led to extensive overpayments by the Employment Development Department, affecting California's financial integrity.
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