A recent report from McKinsey (October 2018) discusses the scope of fraud in the government. Just the federal government loses on fraud, waste and abuse amount to $148B. Add state, municipal and county budgets and we are probably looking at ⅓ of a trillion dollars loss, per year. This is the reason why transparent verification of billable hours is unavoidable and why solution like TransparentBusiness may be come the new standard of public and corporate procurement.
Report from McKinsey re: Fraud-related losses
April 9, 2019