Download
Edit
Share
What is unprecedented about Elon Musk's involvement with the IRS?
The unprecedented aspect of Elon Musk's involvement is that third parties like him are being given access to review IRS systems. As CBS News Moneywatch correspondent Kelly O'Grady points out, 'we've never seen someone like an Elon Musk coming in before.' This represents a significant departure from traditional auditing procedures, raising concerns about non-government entities accessing sensitive personal financial information. The situation marks a novel approach to oversight of government systems, particularly concerning given the sensitive nature of IRS records that contain Social Security numbers and banking details.
People also ask
Elon Musk SEC investigations and regulatory oversight
Tesla audit practices compared to traditional companies
SpaceX financial auditing and government contracts compliance
Elon Musk Twitter acquisition due diligence process
Corporate governance challenges with celebrity CEOs like Musk
TRANSCRIPT
Load full transcript
Transcript available and will appear here
Not in clip
0
0
03:04
From
Standard Auditing vs Elon Musk's Involvement
CBS News·8 months ago
Answered in this video
Discover the right B-roll for your videos
Make sure to follow copyright rules.
Search for any video clip
Experience AI search that understands context and presents you with relevant video clips.
Try Finallayer for free
Discover more clips on FinalLayer
5 videos