Word: auditing
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Dates: during 1990-1999
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Prisoners have been given charge in their own prisons, and condemned men forced to dig their own graves. Now the Internal Revenue Service is asking U.S. taxpayers to audit their own returns. In an experimental program, the IRS will send letters to 2,000 taxpayers in New England and upstate New York with incomes between $50,000 and $100,000, asking them to correct suspected errors on their 1989 returns...
...Defense Contract Audit Agency, which is currently auditing Stanford, has said in a report that it can only justify a rate of 62 percent for the school, according to one federal investigator, who spoke on condition of anonymity. That figure is 12 percent lower than Stanford's rate in the fiscal year...
...contends that Arthur Young, which later merged with Ernst & Whinney, improperly allowed the thrift to show a pretax profit in 1987 by violating generally accepted accounting principles. The firm, which severed its ties to Lincoln in 1988, denies this. Possible penalties include loss or suspension of license, or probation. "Audit firms are under pressure to please the client," says deputy attorney general Michael Granen. "They've got to learn to just...
This proposed law also requires that the treasurer publish an annual report about the Local Aid Fund, that the state auditor publish an annual audit of the account, and that the secretary of administration and finance issue to each city and town an estimate or funds it will receive from the Local Aid Fund...
...their late 20s and look toward the FBI as a second career. Few have previous law-enforcement experience. Although the agency once tried to recruit lawyers, Pledger says the emphasis now is on hiring accountants. Their main mission: to track the drug trade. "We use financial investigative techniques to audit books and seize assets," says Pledger. "It's the best way to put the dopers behind bars...