Word: auditore
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...spokesperson from KPMG says that the firm's audit of the Rye Select Broad Market fund conformed to all professional standards and that the firm would vigorously defend its work. A BDO Seidman spokesperson says that his firm is not and has never been the auditor of Madoff Securities. The BDO spokesperson also says that his firm's audit of Ascot Partners met professional standards and that the firm would defend its work. "It is unfortunate that these investors would bring legal action before all of the facts are known and seek to blame others for their own investment decisions...
...Cindy Fornelli, executive director of the Center for Audit Quality, which is a Washington-based public-policy organization that represents public-company auditors, contends that all the Madoff case amounts to is a lack of sufficient regulation, not a failure of the accounting profession. "It is not the responsibility of the accountant for a capital-management firm to audit the underlying investments of the firms it invests in," says Fornelli. "The auditor is not in a position to test the existence of the underlying securities - especially in a fund-of-funds situation...
...group of Chicago aldermen known as the Gray Wolves (because they preyed on the public) awarded the city's gas business to the fictional Ogden Gas Company - in which the Wolves were involved - and forced the real gas company to purchase it from them. There's also the state auditor who stole $1.5 million and used it to buy two planes, four cars and three homes before spending six and a half years in prison; the Prison Review Board member who voted to free notorious mobster Harry Aleman in exchange for getting his son a Las Vegas singing...
...embarrassing revelations. Among them was the fact that Rangel was occupying four rent-controlled apartments simultaneously in upper Manhattan and that his tax returns - Rangel is the chairman of the tax-code-writing House Ways and Means Committee - were such a mess that he was hiring a "forensic auditor" to figure out why he had failed to report $75,000 in rental income from a villa in the Dominican Republic. Adding to the tangle of questions was the fact that even as he was living in those New York apartments and being charged less than half what they would have...
Trethewey also suggests investing in a home energy audit to help figure out exactly where the holes are. Such audits aren't cheap - they can range up to $800 - but as "fuel costs rise, the payback improves," notes Trethewey. A good auditor will use a blower test, which lowers the air pressure inside a home - air from the outside will then rush through openings, revealing any leaks. A truly high-tech test will use thermographic cameras, which detect infrared light, to detect exactly where heat might be leaking...