Word: auditore
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...days before he testified. As his wife sat behind him, the former chief financial officer declared last week that B.C.C.I. had been essentially broke since 1985. He went on to accuse the accounting firm Price Waterhouse of tolerating phony bookkeeping that made the bank look solvent -- a charge the auditor denies. Among the losses covered up were hundreds of millions of dollars in dubious loans in 1985-86 to the Gokal family of Pakistan, which owned a shipping company. "It was kept an incredible secret; not more than four or five people knew what had happened," Rahman said...
...that it made a mistake in computing the interest due on her mortgage, overcharging her $1,464 in the course of three years. The bank apologized and refunded the overpayment. Wynn was one of the lucky ones. According to a congressional review and a study by a former federal auditor, John Geddes, thousands of others across the nation with adjustable-rate mortgages may have been overcharged. Basing his estimate on an examination of 7,000 loan accounts, Geddes says a third of the outstanding ARM loans have been miscalculated. Overpayments could total $8 billion...
...last-minute entry into the race didn't leave Minnesotans enough time to get sick of him. Just nine days before the election, G.O.P. gubernatorial candidate Jon Grunseth abandoned the race amid allegations that he had gone skinny-dipping with teenage girls nine years ago. At that point, state auditor Carlson, who had lost to Grunseth in the primary, took over as the new G.O.P. candidate...
...STATE AUDITOR...
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...