Senate approves JeffCo occupational tax Aug 15, 2009
The bill we passed mandated accounting procedures, including posting the budget online. It will give the people some transparency on what is going on at the courthouse. (Birmingham Business Journal, AL)
Six political parties flout law Aug 7, 2009
They also show whether the acceptable accounting procedure is followed. According to Section 14 Subsection 1 of the Political Parties Law, A political party shall, within twenty-one days before a general election, submit to the commission a statement of its assets and liabilities in such form as the Commission may direct. (Ghana Web, Ghana)
Coronado Coach Arrested in Missing Money Investigation Aug 5, 2009
An audit found improper accounting procedures and the money was not in a secure location. Mannion has denied any wrongdoing. (KLAS-TV.com, NV)
Human error blamed for Children's Theatre probe Aug 5, 2009
And I hope people have learned in PACT and friends of PACT that those pesky accounting procedures and internal controls exist not only because of "bureaucrats" but also to protect them from coming under suspicion of misuse of funds. It never would have happened if they had reasonable internal controls. (Palo Alto Online, CA)
Corrupt legacy Jul 30, 2009
Shawkat Waresi from the Ministry of Commerce attended the course and admits that accounting procedures in Bangladesh are not up to international standards. "As a result, foreign investors are hesitant about putting money into the country," he says. (BBC News -- Business)
Audit: Managers hid bigger DOT shortfall Jul 28, 2009
ATLANTA - The state auditor says former top managers of the state Department of Transportation ran up huge and constitutionally impermissible debt by switching accounting procedures, then misled the legislature, the governor and the DOT commissioner about the agency's financial position. There is evidence of possible financial-statement fraud, the audit, released Monday, asserts. (Athens Banner-Herald)
Suit filed against Gateway Jul 17, 2009
great idea wrote on Jul 16, 2009 10:17 AM:" I agree with Nickel trophy: It seems that the current owner is never going to win any popularity contests in Bismarck. I mean gosh what does one have to do. You spend 13 mil on a property and stick who knows how much more into it to make it a beautiful facility. (The parking lot still needs to be addressed but the building inside and out is really nice.) Then what is your reward: Tenants leaving like church just go out. Now you have one of your... (Bismarck Tribune, ND)
Feeder Funds Held Subject to Commodity Pool Regulation Jul 16, 2009
Shimer even came up with a verification procedure to conceal their falsity, getting Tech Traders to hire an accountant who prepared the false reports using nonstandard and misleading accounting procedures and then sent those reports to Shasta's accountant, who relied on the bogus numbers in communicating with investors. Tech traders diverted some of its profits back to Shimer using a West Indies trust account. (Law.com)
Foundation acts to protect its finances (6) Jul 9, 2009
The board change, and that personnel change put into place accounting procedures that thwarted her ability to singularly control the foundation s finances, Anglim said. Jones reported to the director of development, another hospital employee assigned to the foundation, hospital spokeswoman Pam Shadle said. (Washington Daily News, NC)
Likely water, sewer rate increases wont stop leaking Jul 8, 2009
The Finance Committee is designing its accounting procedure so that a closer and more in depth look at department costs and expenses will be possible. Richardson cautioned that the citys budget still must be flexible in order to meet unexpected expenses and keep things going. (Keokuk Daily Gate City, IO)
Permanent fund cleared for dividends Jul 7, 2009
"We appreciate that the Department of Law has provided us with continued clarification regarding the accounting of the fund's principal and earnings reserve, and we are implementing this guidance in APFC's accounting procedures," said Mike Burns, the corporation's executive director. Permanent fund staff said the changed calculations should not affect dividend payments. (Juneau Empire)
An Appeal To The Asantehene, Otumfuo Osei Tutu Jul 7, 2009
their registration, control, use and transfer or disposal; the sources of funding, the financial records and accounting procedures of the institution within Asanteman; the official traditional festivals and calendar dates, and the histories and importance of those festivals showing those that have tourist values and attractions; the traditional laws, rules, regulations and practices that are still applicable in modern-day Asanteman; old laws, rules, regulations and practices that have now been... (Ghana Web, Ghana)
Sharks' practices put under scrutiny Jun 19, 2009
The Melbourne firm BDO Kendalls has been hired to review all aspects of the club's management and accounting procedures and oversee its corporate governance. In a statement, the board said the firm would specifically look at any unusual transactions identified in a review of contractual agreements and other financial transactions, and verify any expenditure by the foundation for the benefit of the Sharks. (Sydney Morning Herald -- Sport)
Woburn raid helped lead to WB Mason settlement Jun 3, 2009
We take seriously any allegations that a company s internal accounting procedures deprive consumers, business or otherwise, of money or credit they are owed, Attorney General Coakley said in a prepared statement. We are pleased that WB Mason recognized the importance of this issue, cooperated during our investigation, and has made the changes necessary to its business practices in order to ensure that it does not happen again, Coakley said in the statement. (Woburn Advocate, MA)
Burt: Audit 'exonerates' Children's Theatre staff May 30, 2009
The report did cite a long-standing pattern of loose accounting procedures as creating a suspicious-looking situation. "I think the report, in its entirety, basically makes clear that the Children's Theatre employees were exonerated of any criminal wrongdoing," Burt told the Weekly. (Palo Alto Online, CA)
Audit: Flaws in Children's Theatre investigation May 29, 2009
Retired Administrative Services Director Yeats, who is responsible for the accounting procedures that allowed the Childrens Theater situation to become unauditable. Retired Sgt Mike Yore. (Palo Alto Online, CA)
Michael Martin, speaker of Britain's House of Commons, announced on Tuesday he will step down on June 21 amid the public's rising anger at the expenses scandal involving members of the Parliament (MPs). • Second British Labour MP suspended in scandal May 20, 2009
"In respect of mortgage interest payments, there has been an unforgivable error in my accounting procedures for which I apologize unreservedly," Chaytor told the Telegraph in a statement. "I will act immediately to ensure repayment is made to the Fees Office (of the House of Commons).". (Xinhuanet, China)
Labour suspends second MP in expenses scandal May 17, 2009
In respect of mortgage interest payments, there has been an unforgivable error in my accounting procedures for which I apologize unreservedly, he said in a statement to the paper. Britain's 646 legislators receive an annual salary of almost 65,000 pounds and claimed 93 million pounds in expenses last year, an average of 144,000 pounds each. (Globe and Mail)
Police to look at UK MP allegations May 16, 2009
The BBC has been unable to speak to Mr Chaytor who is reportedly on a trip to the US, but the Telegraph quotes him as saying there had been an "unforgivable error in my accounting procedures for which I apologise unreservedly". He said he would immediately arrange repayment to the fees office, according to the paper. (BBC News -- Europe)
2nd British lawmaker suspended for mortgage claims May 16, 2009
Chaytor said in a statement published by the newspaper that "in respect of mortgage interest payments, there has been an unforgivable error in my accounting procedures for which I apologize unreservedly. I will act immediately to ensure repayment is made to the Fees Office.". Chaytor's wife Sheena said he had made "a really stupid mistake.". (Atlanta Journal-Constitution -- World)
Labour MP faces mortgage claims May 16, 2009
But the Telegraph quotes him as saying there had been an "unforgivable error in my accounting procedures for which I apologise unreservedly". He reportedly told the paper he would immediately arrange repayment to the House of Commons fees office. (BBC News -- UK)
U.K. ministers resign over widening scandal May 16, 2009
"In respect of mortgage interest payments, there has been an unforgivable error in my accounting procedures for which I apologize unreservedly," Chaytor said. "I will act immediately to ensure repayment.". (MSNBC -- International)
EC, GACC join forces to fight electoral corruption May 14, 2009
Rev. Deegbe said GACC considered EC as a key Governance Institution for fighting electoral corruption and tasked the Commission to harmonize the accounting procedure for submitting audited accounts by political parties. Other speakers included, Mr Kwadwo Safo-Kantanka, Deputy Chairman in-Charge of Operations, Mr Ebenezer Aggrey Fynn and other members of the Commission. (Ghana Web, Ghana)
WAHS students qualify for national FBLA event May 9, 2009
MacInnes challenge at state was in the form of an online test on accounting procedures. I was surprised when I found out I took third place, he said. (Albany Democrat-Herald, OR)
Patrick pulls from reserves, future budgets to close '09 gap May 8, 2009
The accounting procedure, however, would open a gap in future fiscal years by frontloading expected federal aid. The move would free up dollars on the state's operating budget, which can be used for any state spending, as opposed to the federal education dollars, which are limited to supporting schools. (Cambridge Chronicle, MA)
Editorial: Oglethorpe audit response must be thorough May 7, 2009
A five-page report on the recent audit notes a number of areas in which high school officials apparently failed to adhere to either district policy or standard accounting procedures ... The audit report includes a number of suggestions for tightening accounting procedures at the high school, from reviewing purchase orders, to requiring competitive bids and price quotations for goods and services above an amount to be established by the school board, to prohibiting the use of gift cards as... (Athens Banner-Herald)
Oglethorpe school spent loosely May 6, 2009
The audit cites five areas where Oglethorpe County High School officials apparently broke with district policy or standard accounting procedures. Superintendent Jeffery Welch wouldn't discuss the details of the findings or the specific instances in which officials may have made errors - that's all information his office plans to gather in the coming weeks, he said. (Athens Banner-Herald)
Beazer to pay $30.5M in settlement May 6, 2009
In 2008, Beazer with the Securities and Exchange Commission over its investigation into the company's accounting procedures for much of this decade. Beazer did not pay a monetary fine. (Atlanta Business Chronicle, GA)
Schools miss out on cash surplus Apr 30, 2009
Schools could miss out on millions of pounds if the Department for Children, Schools and Families does not improve accounting procedures, a report says. The DCSF has under-spent by 4. (BBC News -- UK)
* Former bookkeeper testifies in Chen Shui-bian trial Apr 29, 2009
This was consistent with Mas testimony last week that, during the former Chinese Nationalist Party (KMT) administration, many expenses were considered appropriately reimbursed from the fund, but when the Democratic Progressive Party took over, some accounting procedures were changed and they could no longer use the same reimbursement methods. This story has been viewed 526 times. (Taipei Times, Taiwan -- Taiwan)
State Auditors representative meets with commissioners Apr 9, 2009
Unfortunately, since Freedom West didn t provide invoices for each item and follow normal state accounting procedures, those items raised red flags for the county. Of the 61 purchase orders examined by the auditor s office, 11 were not encumbered in a timely manner as required by state statute. (Alva Review Courier, OK)
Sloppy oversight cost Fresno fair, audit says Mar 26, 2009
A separate letter from the state Attorney General's Office that also was released Wednesday by the fair said it was "safe to assume" that the fair lost money because of the flea market's poor accounting procedures ... Since October 2007, the flea market's accounting procedures have improved, the audit report said. (Fresno Bee -- Local)
UNI budget woes: Baseball and graduation Mar 16, 2009
(older than 14 days). Article rated a 0 by 0 users. (Waterloo-Cedar Falls Courier)
Fund theft rattles Coquille school Mar 11, 2009
shocked wrote on Mar 9, 2009 11:25 AM:Even going into something like this, it would be common sense not to have one person in charge of everything and to have open accounting procedures. I'm sorry to those affected but certainly am not surprised. (Coos Bay-North Bend The World, OR)
World's mega cities expand as millions quit the countryside Mar 9, 2009
performs and is responsible for the accounting procedures of review, posting reconciliation and preparation of checks. co.. (Yahoo News -- Population Issues)
Bennett explains how states budget got sick Mar 8, 2009
A number of accounting procedures that would have put some private business leaders in jail were part of the problem beginning before 2007, he told more than 180 people who attended the annual Cochise County Republican Party s Lincoln Day Dinner on Friday. Secretary of State Ken Bennett uses Kleenex boxes to explain the state budget obstacles during the Cochise County Republican Committees Lincoln Day Dinner on Friday night. (Sierra Vista Herald, AZ)
Former LPD officer sentenced for embezzling funds (6) Mar 4, 2009
The OSROA board of directors has since changed accounting procedures to ensure more oversight. Obviously, we at OSROA learned a hard lesson from this, Whiteman said. (Lebanon Express, OR)
Longtime Lodi auto dealership Plummer Automall to close Wednesday (2053) Feb 25, 2009
danielh wrote on Feb 25, 2009 12:59 AM:" The dropping economy is due in a major part to banking fraud.We were given fair notice on CNN.On the average, bankers took the promissory notes from home buyers, and put them into the photocopy machine, onto the bank's stationary, thereby creating a duplicate note, ON THE AVERAGE 30 TIMES PER NOTE!Some promissory notes were copied as much as 50 times! 30 times is the average.Strict accounting procedures apply only to the original note, not the... (Lodi News Sentinel, CA)
Auditor to decide value of water assets in Selangor Feb 24, 2009
The sum will be fixed through proper accounting procedures. It s not about whether we can offer a cheaper price for the assets. (The Star Online, Malaysia -- News)
Nigeria: Billionaire Soros Scouts Banks Feb 21, 2009
Many investors call for Nigerian banks to adopt much more transparent accounting procedures. Victor Osadolor, group chief financial officer for UBA, who met the Soros team, said they were keen for greater transparency. (allAfrica.com)
Mpiani - Powerless Muscles Feb 19, 2009
Mr. Mpiani cited the summoning of the Auditor General, Mr. Edward Duah-Agyemang to appear before the NDC Transitional team and his live media presentation of the Ghana@50 audited accountswhich he said flouted the ethics of accounting procedures as well as the leaking of what he said were half truths by the governments transitional team to the media as clear cases of painting the former government black. However, a source close to the governments transitional team says the former Chief of... (Ghana Web, Ghana)
Mpiani: We will no longer co-operate with gov't Feb 18, 2009
Joy News' Bernard Saibu quoted Mr. Mpiani as citing the summoning of the Auditor General, Edward Dua-Agyemang to a live media presentation of the Ghana@50 audited accounts presentation which according to him flouted the ethics of accounting procedures, as well as the leaking of what he said were half truths by the governments transition team to the media as clear cases. The Ghanaian Times newspaper had reported of 39 vehicles which were not accounted for as well as reports of some vehicles... (Ghana Web, Ghana)
Property Management Requires Proper Practice and Procedures Feb 16, 2009
Again using California as an example, extensive and complex trust fund accounting procedures are required. Neither an agent nor broker can simply follow their own rules even if they are completely honest when handling money on behalf of their clients. (RealtyTimes)
