Word: audition
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Dates: during 2000-2009
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From then on, Derwin and the district attorney met regularly, discussing the progress of the investigation and figuring out ways to get to the bottom of the mess awaiting the sheriff-elect. Derwin planned a top-to-bottom audit of the jail's contracts and a review of the seven bail bondsmen who had questionable connections to the jail. Derwin, who set up a transition team of campaign loyalists and career cops to run the sheriff's department, also had narrowed a list to 62 jail personnel whom he wanted to demote or fire...
...with the trouble the IRS has had in attracting, training and securing funding for tax examiners, whose numbers have been dropping since 1988. But the sharpest staff and enforcement falloffs have occurred since the high-profile hearings. Examination staff is down 19% since 1997; the number of audits is down 46%. I spoke with many enrolled agents--it's their job to represent taxpayers--who haven't attended an audit in years...
Still, even a friendly audit is no fun. You're most likely to get audited if you're self-employed or own a small business, or if you itemize. Red flags include declining reported income and large deductions for travel and entertainment. Don't round off numbers; they look made up. If the IRS asks for more information, give it promptly--but nothing more than requested. And if you get audited, hire someone to represent you to prevent emotions from turning the audit ugly. Today's IRS tries to be understanding. Best to keep it that...
...grandly modern Bank of China headquarters he hired renowned architect I.M. Pei's firm to build in Beijing. Now authorities appear to be getting serious about repairing the banking industry's rotten foundation as well as its image. Regulators recently announced a set of bank reforms, including more stringent audit requirements and lending policies based on Western banking models, which could improve competitiveness. In addition, the National Audit Office revealed last week that it has uncovered more than 170 cases of misconduct, implicating 221 officials, as part of a wide-ranging investigation into China's financial industry. Among them were...
Lividoti says he plans to use the audit as leverage to push for more resources. For starters, that means buying state-of-the-art equipment for some shops where state auditors found the machinery inadequate...