Word: auditings
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Dates: during 1980-1989
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...Oscar presentations. But as this year's income tax deadline loomed, accountants were getting much more than their historic share of publicity, and a lot of it was bad. After a spectacular string of corporate failures and financial scandals in recent years, the industry that is supposed to audit company books and sniff out chicanery is under pressure from all directions...
...leading trade journal, estimates that there are upwards of 34,000 accounting firms in the U.S., ranging from one-person shops to partnerships employing hundreds of C.P.A.s. But the problems afflicting the industry have adhered most dramatically to the so-called Big Eight of the profession: the firms that audit more than 90% of the financial statements of the FORTUNE 500 largest industrial corporations and rake in nearly 40% of the accounting industry's annual revenues of about $10 billion...
Richard Bloch, co-founder of H&R Block, Inc., which will prepare one of every ten 1985 U.S. tax returns, on how it feels to survive an IRS audit without owing money: "It's like taking a bath. You feel good. You feel clean. You've got another year behind...
...simple--Jon Trachtman (Jim Cairns) has listed his male roommate as his wife for income tax purposes. Conveniently, Jon's roommate happens to be named Leslie (Wayne Snodgrass). After years of cheating the government out of money that, "they didn't deserve anyway," Jon is warned of an impending audit. Apparently, Leslie correctly listed his sex as male before moving in with Jon. And, IRS inspector Floyd Spinner (Mark H. Levine) is sent out to their apartment to investigate. The rest of the play is loosely based on what happens when Leslie dresses up in drag to avoid a jail...
...years of the failure of the system," says Democratic Senator James Sasser of Tennessee. "It reflects a general problem with quality, including improper selection of physicians and inadequate supervision." In response to the case, the Pentagon and Congress have undertaken several studies examining the shortcomings of military medicine. An audit of 22 medical facilities conducted last year concluded that two-thirds of the practicing doctors and nurses did not have proper "qualifications and current competence." Another study revealed that 20% of military doctors do not have licenses to practice. Throughout the entire system, misdiagnoses are common, and waiting lines...