The Impact of D.O.G.E. on the Appraisal Profession

[Carnivore]

I think the impact will be little to none, not because of Musk and Vivek but because they have no government authority to do anything, just to bring things to light. A lot of people love waste in government even when they are not profiting from it.

As a Tax payer why would you or anybody love waste in government just because your not profiting from it.

 

[Carnivore]

NEVER GOING TO HAPPEN.

Your probably right because we already have one member who is sure that ivek, trump and elon have a secret agreement to double and even triple their total wealth.

 

[Carnivore]

If Trump said his 1st executive order would limit the AMC's fee to 10% of the total appraisal report fee and remainder would go the appraiser. Well all of a sudden every appraiser in the USA would become trump biggest and loudest supporters.

 

[Terrel L. Shields]

 

[J Grant]

As a Tax payer why would you or anybody love waste in government just because your not profiting from it.

The argument was specious.

Nobody loves waste in government. Democrats would also like to see a waste cut. The difference is we support some programs that benefit people in both red and blue states, that the Reobulians classify as " waste"

 

[shrubberyvaluation]

As a Tax payer why would you or anybody love waste in government just because your not profiting from it.

Propaganda works well on people I guess, Trump is evil orange man doesn't help either when he wants to cut waste and abuse.

 

[shrubberyvaluation]

The argument was specious.

Nobody loves waste in government. Democrats would also like to see a waste cut. The difference is we support some programs that benefit people in both red and blue states, that the Reobulians classify as " waste"

Why does the federal government have so many programs? Yea these programs benefit some at the expense of others. And many benefiting from one program might overall not be benefiting because of all of the other programs their taxes go to that they don't benefit from. What waste has the Democrats cut?

 

[Terrel L. Shields]

What waste has the Democrats cut?

None. Today the Farm Bill is delayed (since 2018) because the urban Dems want a bigger slice of the pie for free lunch programs, free food, etc. whereas the farmers themselves just want clarity so they can manage their farms. But without the freebies to the big city, the USDA budget would be 12 cents or so. And everyone is all for getting rid of farm subsidies until food prices yo-yo with supply. $10/chicken and $10/box cereal would panic the solons. That's why Roosevelt introduced a system which has morphed in what exists today. Remember FDR attempted to get higher food prices because the farmers were starving out. They slaughtered cattle and hogs and buried them and they burned piles of corn and wheat just to raise the price of crops being over-produced.

And that is just one example.

 

[RCA]

Bert, Again I am not disagreeing with you.

It does not matter what accounting system you use, because 1+1 still equals 2 in our households. The Government collects 3 spends 4 + borrows 1 and only pays the interest . I other words we keep going in debt, We are now borrowing money to pay the interest on our existing debt.

To your point of using different accounting method. This could be rolled out for a specific supplier or group of suppliers as a test. Practically every item the military has/uses is to military -specifications mi-specs. Jungle Fatiques don't work well in the artic and artic wear doesn't work well in the swamps of Louisiana .

So procurement is a good place to start. We pay a lot of money for uniform needs. I can go to Dicks or other hunting/outdoor sporting goods stores and purchase cold weather gear that is better than military cold weather gear. So the military actually does this for the 10th Mountain Division. Last I knew the military had a contract for that specialized clothing. It may have been a one time limited contract.


Bottom line is that procurement is the place to start. Problem will be congress members. They will be lobbied by big business with campaign donations.

Well, I've also worked as an international accountant and know something about accounting.

You need perfect, I repeat PERFECT accounting to know what is going on in a large corporation or government organization. The reason it has to be perfect is that it is the rigorous balancing of ledgers that leads to the discovery of problems. I worked with Germans in accounting - and they are the most rigorous in their work. Every ledger's credits and debits have to add up to the exact same amount, - to the penny. Or else, someone is in very big trouble. Yes, "all just over 1 penny" - or in my case, 1 Phennig (that was when the German currency was in Deutsche Marks).

(Per Claude. "The accounting system for the Department of Defense (DoD) has faced significant scrutiny and criticism over the years, primarily due to its consistent failure in achieving a clean audit opinion. Here's an overview based on available information:

• Audit Failures: The DoD has not passed a full financial audit for many years, with reports indicating that it has failed for at least 33 years consecutively. This is a significant indicator of systemic issues within its accounting practices. The inability to account for a substantial portion of its assets and liabilities suggests deficiencies in financial tracking and reporting.
  https://www.forbes.com/sites/steelrose/2024/12/03/dod-fails-to-obtain-a-clean-audit-again/
• Size and Complexity: The DoD manages an enormous budget, with assets estimated at around $3.8 trillion, making it one of the largest entities in terms of financial management. This scale, combined with operations across thousands of sites globally, adds layers of complexity to its financial systems. Efforts to consolidate and streamline financial operations have been ongoing, but the challenge remains vast.
  https://www.forbes.com/sites/steelrose/2024/12/03/dod-fails-to-obtain-a-clean-audit-again/
• Internal Controls and System Integration: There are noted issues with internal controls, such as the lack of segregation of duties and the integration of numerous accounting systems. For instance, the Defense Finance and Accounting Service (DFAS), which handles much of the DoD's financial transactions, has been criticized for not fully implementing financial improvement plans and for having discrepancies in contract payments.
  https://www.gao.gov/products/gao-14-10
• Efforts Towards Improvement: Despite these challenges, there are continual efforts to improve the accounting system's effectiveness. The DoD has aimed at achieving audit readiness, with initiatives like those under the Financial Improvement and Audit Readiness (FIAR) plan. However, progress has been slow, and the transition to more modern, integrated systems has been fraught with delays and complexities.
• Public and Congressional Concern: The ongoing audit failures have led to considerable public and congressional concern, highlighting not just the inefficiency but also the potential for mismanagement or misallocation of resources. Posts on social media platforms like X have reflected this sentiment, often pointing out the significant unaccounted assets as a sign of systemic failure.
  
  https://twitter.com/x/status/1733315181068108143
• Audit Readiness vs. Reality: While there have been assertions of audit readiness, particularly for certain financial statements or components, the overall picture remains one of inadequacy. The DoD's struggle with accounting for its budget comprehensively indicates that while parts of the system might function adequately, the whole system is defective in achieving complete financial accountability.

In summary, the DoD's accounting system is considered defective by many due to its persistent inability to pass audits, indicating deep-seated issues in financial management, control, and reporting. However, it's also under continuous review and reform efforts, suggesting an acknowledgment of these problems and attempts to rectify them."

After the DOD Accounting System is fixed, then they can determine, beyond a shadow of a doubt, where the expenditures are and then be able to investigate them - in depth. I would bet money that the DOD books are littered with double bookings - everywhere. Double bookings that pour money into pockets that don't deserve it.

 

[Zoe]

Did not DJT claim in his NY trial where he was accused of inflating values to obtain better loan terms that the lenders have appraisers to help them do due diligence on the value for securing the loans? Which were all paid back.

Maybe we need DA Brag to investigate any NY homeowner who submits a ROV on an appraisal they receive where they are looking for a HIGHER value and better loan terms. Even go back a few years and charge them, no matter if they are current on their loan obligations or have already paid them off.

If they give their loan officer a value on the application that is higher than the appraisal, have Judge Marchon throw the book at them.

I do wonder who the appraiser in that case was that come in lower than Trump. Be grateful It was not you or me. LOL

That might be difficult to defend by the Potus.

I think he had his own accountant that did that maybe. I don't know.

His accountant may have been his appraiser. Many accountants hire appraisers just like lawyers also hire appraisers. I don't know in that case.

One of the people that worked with Head Surfer was an appraiser in New York I think. What were they called? Moderator I think.

Rudy may have appraised it for Trump.

I am not really sure how the local government works there. When they say it was inflated, the local government needed some grounds to base the "inflated" term on.

That is like a waiver. What is the base on a waiver? God only knows.

When you get in that culture in New York, you are in a different culture from me. I guess Trump will find out in 4 years if he lives that long.

I don't know what the statute of limitations is on those charges. I am not a lawyer.

The moral of the story is:. Be careful boys and girls.

It is most likely a local professional and licensed appraiser was involved in the situation. If that lawsuit is ongoing, that or those appraisers have to hold that appraisal file until the litigation is complete.

If an appraiser is involved with the State(which they are), The State likely already has the appraisal file in their possession.

That also means the appraiser has to keep possession of the work file until Trump is out of office if the litigation is pending.

There is no time limit on how long an appraiser has to keep a work file when the subject property is in litigation.