Restoration agreement two views Nov 5, 2009
It seems like there s never a shortage of entertainment in Klamath Falls. Ross Ragland events, Linkville plays, the museums, and the skate park just to name a few. (Klamath Falls Herald & News, OR)
Who's watching the money? (1059) Nov 3, 2009
But accounting problems were never acknowledged publicly until former City Manager Richard Marsh brought them to light earlier this year. "I have no idea," interim City Manager Darwin Watson said when asked why problems that were outlined in at least the last five of Benton Harbor's annual audit reports were never addressed until recently. (St. Joseph Herald-Pallidium, MI)
Patrick cites state’s gains as cuts loom Oct 29, 2009
It s not that it s difficult as a math or an accounting problem; I know how to do that. It s difficult because I know there s a face or a family behind every one of those decisions. (Boston Globe)
Editorial: Pros and cons to ditching stimulus road signs Oct 12, 2009
But the Georgia DOT has been a poor steward of those dollars, struggling over the years with accounting problems and implementing projects that haven't adequately addressed the traffic and other transportation problems that have accompanied the state's rapid growth. Thus, letting the public know that federal stimulus dollars are funding a given project can, in a very real way, also serve to point out the state DOT's failures. (Athens Banner-Herald)
UW System official: I'm responsible for IT project Oct 7, 2009
Montgomery told Anderes he was unhappy that lawmakers weren't told earlier about problems with the project contractor, Huron Consulting Group Inc. of Chicago, which is facing uncertainty after discovering accounting problems. Top executives were ousted after the firm restated its earnings in August and its stock price dropped. (Chippewa Falls Chippewa Herald, WI)
WR school director charged with taking tens of thousands from employer Sep 18, 2009
George Kotkiewicz, store owner, discovered earlier this year that there were numerous accounting problems in the store s system, specifically an increased amount of cash returns over an extended period of time, from April 2007 to January 2009. The cash returns were for common items that are found in the store, and very few for special-ordered items, which the owner found odd, according to police. (Milton Standard Journal, PA)
Insight's directors abruptly oust CEO Sep 9, 2009
Stock analysts who follow the company said they were surprised by the move, especially with its most recent accounting problem and SEC investigation. "The company seems to be free of any internal distractions for the first time in a long time, perhaps maybe the first time under Rich's tenure, and I thought that going forward he could truly be evaluated on core business execution more so than in the past," Brian Alexander, an analyst with Raymond James iates in St. Petersburg, Fla. (AZCentral -- Business)
San Mateo County Superior Court announces layoffs Sep 2, 2009
The shortfall was initially blamed on state budget cuts, but court officials later acknowledged the deficit was revealed only after internal accounting problems were discovered. Managers, clerks, attorneys and court reporters will be among those losing their jobs. (Fresno Bee -- State)
Treasury To Get Nine-Figure Return On Coupon Program Aug 25, 2009
NTIA got the third tranche-$650 million-with passage of the Recovery Act stimulus package to help clear up a backlog of coupon orders after an accounting problem prevented NTIA from filling any more requests before more funds could be re-committed (money became available as those 45% of coupons expired without being redeemed, but the way the law was written, NTIA had to wait until those expirations before it could spend the money it was confident would be freed up). A number of legislators,... (Multichannel News)
Audit of Bourne school finances will take 60 days Aug 22, 2009
A parent asked the school board if the accounting problem in the system is worse than now portrayed. Anything s possible, said school committee member Allen Swain. (Upper Cape Codder, MA)
> Timeline of crucial events in Nortel's history Aug 21, 2009
2004 Nortel fires CEO Frank Dunn and CFO Douglas Beatty in April as an inquiry into accounting problems unfolds. 2005 Nortel realigns from four divisions into two, Enterprise Solutions and Packaged Networks, and Mobility and. (Raleigh Triangle Business Journal, NC)
Briefing: BT's pension problem Aug 21, 2009
After a series of profit warnings and accounting problems, this spring its share price fell below its level when the firm was privatised back in 1984, although it has since staged a partial recovery. BT s creditors now hold paper that is rated just above junk. (The Economist)
Budget magicians Aug 15, 2009
The accounting problems have still not been resolved, and a representative from DCS was expected in town earlier this week to help determine the problem. Because months are either not accounted for, or reflect inaccurate collections, it was decided to project next year s Water Department budget by factoring in the expected number of customers, the base charges for utility services and an automatic rate increase set for the coming fiscal year. (Greenville Delta Democrat Times, MS)
Is your computer ready to go to college? Aug 6, 2009
But for mundane tasks like writing term papers or solving accounting problems, a free program like OpenOffice will provide everything you need. Just download it at. (Boston Globe)
SEC Fines GE $50 Million for Accounting Misdeeds Aug 5, 2009
To remedy the accounting problem, a plan was proposed to retroactively change how the company accounted for derivatives. When auditors said no, GE personnel altered the plan and then held a meeting, complete with a PowerPoint presentation reviewing the risks they were taking. (BusinessWeek)
Water Department accounting woes continue Jul 9, 2009
GREENVILLE The City Council requested Tuesday that the Water Department s director and the city s financial consultant work out an accounting problem that has left 50 percent of the year s public reports for water, sewage, and garbage revenue undisclosed. Collections and billing reports for water, sewage and garbage, which all fall under the purview of the Water Department, were unlisted in four out of nine months for the city s fiscal year in June 16 financial reports. (Greenville Delta Democrat Times, MS)
Water billing stream still not flowing, reports indicate Jul 3, 2009
Osso declined comment on the accounting problem, stating that Water Department Director Pam Richards was more qualified to discuss her department s struggles. Richards, citing the need for earned time off, also did not want to comment on why public books do not currently disclose revenue for June, April, May and December, as do the city s other departments. (Greenville Delta Democrat Times, MS)
Canadian mint calls in the Mounties over missing gold Jul 1, 2009
"You don't call in the federal police if you've got an accounting problem," said New Democrat MP Thomas Mulcair. The auditors recommended that the mint review its security, in addition to reviewing its technical operations and accounting of prior periods. (BBC News -- Business)
'Safe Harbor' Is Just That for Humana in Securities Class Action Jun 25, 2009
On Tuesday, Kentucky federal district court Judge Joseph McKinley dismissed a class action against Humana Inc., ruling that the cautionary language included in Humana's earnings forecasts insulated it from liability when the company later issued restatements after discovering accounting problems. in a post on Tuesday, the Humana ruling follows In that case, Philadelphia federal district court Judge Thomas O'Neill found that Aetna's allegedly false statements were protected by its "meaningful... (Law.com)
Small Caps Gain as Fund Managers Exploit Information Gap, Kitaoka Says Jun 18, 2009
The market for smaller companies had trailed large-cap rivals since January 2006 when executives of Internet provider Livedoor Co. were arrested for fabricating profits, sparking an exodus of investors worried about accounting problems. The Jasdaq plunged 74 percent from its January 2006 high to a nadir in March, compared with a 58 percent slide by the broad Topix index in the same period. (Bloomberg -- Japan)
West Valley-Mission college district moves past audit, fine Jun 16, 2009
Kawashima said a review of hours-by-arrangement records of San Jose-Evergreen Community College District and Gavilan Joint Community College District revealed those districts had no similar accounting problems. We sat down with (representatives) of the colleges both before and after the state guidelines were issued, Kawashima said. (San Jose Business Journal, CA)
Dyadic settles SEC inquiry Jun 6, 2009
It has not filed quarterly results since 2007 due to the accounting problems uncovered in China. Dyadic shares were unchanged at 65 cents in morning trading. (South Florida Business Journal, FL)
Obama Urges DTV Readiness: 'Before It's Too Late' Jun 5, 2009
It was the Obama transition team, led by former NCTA chief Tom Wheeler, that pushed for moving the date after the National Telecommunications & Information Administration ran into an accounting problem that prevented it from filling millions of requests for $40 government subsidy coupons to help pay for DTV-to-analog converter boxes. Those boxes allow analog only-viewers to still receive a TV signal when all full-powers have transitioned to digital on June 12. (Multichannel News)
Palo Alto council apologizes for theater probe Jun 3, 2009
" But that did not imply criminal intent, he stated. On Monday night, Councilmen Yiaway Yeh and Greg Schmid argued that the council should complement its formal apology with a request for an audit that would aim to fix the accounting problems Gennaco identifies. But their council colleagues argued that integrating accounting practices into the council resolution would only dilute the city's apology. Councilman Pat Burt, who chaired a council subcommittee that supervised the audit, said the... (Palo Alto Online, CA)
GM's restructuring officer a veteran of the game Jun 2, 2009
He was interim chief financial officer of Oxford Health Plans during a crisis brought on by financial and accounting problems. Interactive. (MSNBC -- Business)
Restructuring officer a veteran Jun 2, 2009
He was interim chief financial officer of Oxford Health Plans during a crisis brought on by financial and accounting problems. He formerly was a partner with accounting firm Ernst and, perhaps key for his role at GM, is well known around the Detroit area, having served as a trustee of the Bloomfield Hills, Mich. (AZCentral -- News)
Accounting error to cost Insight $61 million May 13, 2009
Bryan said Tuesday the accounting problem stemmed from states having different laws on accounting for such credits. Some states require a business to wait longer than 18 months before including an unclaimed credit in gross profit. (AZCentral -- Business)
State audit questions Commission for the Blind spending May 9, 2009
Johnson said the agencies administrative staff was cut in 2001 which may have led to some of these accounting problems. In doing that we cut out our quality assurance process and we realized we need to return and look more at our quality assurance activities, Johnson said. (KGW Northwest NewsChannel 8, OR)
BankUnited shareholder meeting triggered by lawsuit May 7, 2009
Dealing with accounting problems and a complicated portfolio of impaired loans, BankUnited has not issued final financial results for the financial year ended Sept. 30, 2008, and the first quarter ended Dec. 31. The bank is under an order from federal regulators to get a major investment, sell or merge the bank, which has run out of equity capital. (South Florida Business Journal, FL)
Venture Firm Bets $1B On Cleantech Startups • IBM Said To Have Interest In Acquiring Indian Rival Satyam Mar 7, 2009
Any buyer will need to take "a good look under the covers" at the books to ensure that there are no more accounting problems lurking, says John Madden, an analyst at tech research firm Ovum. If the accountants and lawyers do sign off, a Satyam acquisition could help fuel IBM's long-term growth after the recession, Madden says. (Investors Business Daily)
NTIA Gains Access To DTV Funds Mar 5, 2009
Republicans had countered that simply fixing the accounting problem rather than allocating more money could have sufficed. NTIA has said it will take two to three weeks to clear up the backlog of requests, but that if there is another rush yielding an overflow, it will give priority to households that rely on over-the-air analog TV service. (Multichannel News)
Georgia DOT board ousts Evans Feb 27, 2009
She discovered an enormous amount of accounting problems and brought forth cuts to downsize the department and make it more efficient. They rejected that. (Atlanta Business Chronicle, GA)
Georgia transportation plan a power shift over funds Feb 23, 2009
Last year, an audit commissioned by Perdue found huge accounting problems and big deficits. Spending stalled on billions in road projects. (Atlanta Journal-Constitution -- Metro)
The February Forecast Feb 10, 2009
When you're not doing that fantastically in the first place, you really don't want accounting problems to embarrass you any further. A calming effectIt pays to start your own research on these stocks on Motley Fool CAPS. Read a company's financial reports, scrutinize key data and charts, and examine the comments your fellow investors have made all from a stock's CAPS page. (MSNBC -- Business)
