Does a bad audit really affect agency operations?

Wednesday - 4/10/2013, 1:18pm EDT

Listen to the full interview with Bob Dacey.

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Year after year, the Government Accountability Office looks at the federal balance sheet and the bottom line is always fuzzy. We know that's not good, but does it really hurt agency operations?

Federal News Radio's Tom Temin and Emily Kopp asked that question to Bob Dacey, the chief accountant at the Government Accountability Office. The interview is part of Federal News Radio's special report, Rise of the Money People — financial management moves front and center as agencies make final assault on wasted billions".