Word: audits
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...funds are all too easy to find. Last year the UNICEF office in Kenya had to be greatly expanded to cope with a sudden flood of refugees from Somalia and from a local drought. The agency pumped in $37 million, of which $10 million was found by a later audit to have been unaccounted for. During the height of the U.N. intervention in Somalia, U.N. agencies were spending $1 million a day to maintain their peacekeeping operations in the country, much of it devoted to elaborate support facilities in Mogadishu: hundreds of air-conditioned apartments, a new sewerage system, even...
...Freid had noticed irregularities in financial reports and items on corporate credit cards that should not have been there," Reed wrote. "An internal audit revealed that the comptroller had embezzled some $150,000 during her five years of employment...
...board meeting at which the embezzlement was announced at least one board member, attorney Casimir de Rham '46, wondered why the extra spending had not been caught in an audit...
...Boston firm Coopers & Lybrand performed an external audit of the magazine's financial statements each year, according to Michael J. Barone, director of internal audit...
...internal audit looks at the system," Barone explained. "Compliance, protection--which we call safeguarding--effectiveness and efficiency, those are the kind of objectives we have...