We now know who they are, but to be fair ... we don't know what they did ... or were supposed to do. I wonder if Bell took the low bidder for their audit? That is the information that would be of great interest to me. I further wonder what is going to happen in [...]
In a true case of closing the barn door after the horse has run off ... LA County is auditing Bell to find out if it's now broke. Did anybody think to look at the independent audit of the city? Did they have one? Wasn't it required? Who did the audit? What did it say? [...]
Our "Den of Thieves" have been uncovered, announced and arrested. Who knows whether it will stick ... but ... it's a start. (These are certain officials at the City of Bell, CA) This NPR interview asks the prime question ... How did a 2 1/2 mile square city, of 40,000 impoverished citizens wind up with [...]
A Wall Street Journal Article points out that billions of dollars ... in cash ... is being air-freighted out of Kabul. Corruption is suggested. Pardon me? Billions in cash and corruption is suspected? They can't track the money? I suggest that the government hires a squad of forensic CPA's to uncover the fraudsters. We'll work [...]
CFO magazine cites a 2009 study by Benjamin Luippold, an assistant professor at George State University on how to con the auditors.Distract and divert the auditors attention from the place you want them to look. You will succeed with your con.Now it's been "scientifically" tested. All you auditors and forensic accountants out there ... Use [...]
Here's a picture of the accountant's office. Suite 3. Accounting, Taxation and Financial Services ... hmmm. Taped to the window ... it says they "E-File". Classy digs! Apparently, the accountants were telling the AICPA for 15 years that they didn't do audits. The AICPA has since kicked him out. Nice due diligence on the part [...]
I bet you this would have caught Sir Allen Stanford right out of the gate! #1 Find out if the financials were prepared by an auditor. Call the auditor to see if they prepared the financial statements. Almost every auditing firm will confirm their identity. Especially when you are sitting with a statement in front [...]
