Bell Secret Retirement Slush Fund
Our now well known buddy, Robert Rizzo apparently secreted away $4.5mm in a hidden pension account. What I want to know is who the heck found this slush fund? My hat is off to the forensic accountants who discovered it.
Big Trouble in Cedar City
Companies and Non-Profits … please check your auditor’s license. If it is not current or is suspended, there most likely is a reason. Always log on to your state board of accountancy website and license check before giving them work. Auditors … please do the same with the prior auditors … and do a google search. Amazing things come up when a google search is done. We found one entrenched auditor at a potential client that had securities violations determined by the SEC. Oh … Cedar City … apparently the home of the noble firm “Davis Accounting”, auditor of a…
The Beach Cities Chapter of the Institute of Internal Auditors Present:
STUDENT NIGHT 2011 Keynote Speaker, Aaron Beam, Former CFO of HealthSouth Date: TUESDAY EVENING, April 19, 2011 Location: REEF RESTAURANT 880 SCENIC HARBOR DRIVE LONG BEACH, CA 562-435-8013 (ACROSS FROM THE QUEEN MARY) Time: 5:00 pm CORPORATE-SPONSORED BOOTHS AND OPEN SOCIAL 6:00 pm DINNER (Chicken, Beef, Fish or Vegetarian) 6:30 pm SPEAKER, Raffle to follow Speaker and Topic Information: Aaron Beam founder and former CFP of HealthSouth, is the real-world solution to a pervasive, debilitating trend. Beam’s story, is the untold story of HealthSouth, one of America’s most successful health care companies and consequently, the perpetrator of one of its…
New Work for State Auditors!
A new senate bill will give California State Auditors the right to dig into the books and expenditures of cities. This in in response to the Bell scandal. Apparently 50 groups have been ratted on by whistleblowers!
Let the Finger Pointing Begin!
State of California State Auditor John Chiang says Mayer Hoffman McCann did a bum job. Mayer Hoffman McCann says they were deceived. IMO (in my opinion) it is ridiculous that an auditee (say the City of Bell) get’s to pick their own auditor. The job of the auditor in this situation is to please the client (who’s paying the bill) and attempt to stay within “professional standard” (albeit minimally). By the way … choosing the “low bid” also is asking for trouble. John Chiang’s report. I wonder who the insurance company is that will handle these subsequent claims?
Where were the City of Bell Auditors?
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 Orange County California. Orange County only accepts the lowest bidder with the minimum qualifications for the audits they are responsible for. The plot thickens. I again wonder … where were the city attorneys? I further wonder (again), what their response to the mandatory attorney representation…