The New Mexico Finance Authority ("NMFA") has a bit of a mess on its hands. You see, a week or so back, the State Auditor discovered that the audit report – that was submitted six months late – was fake. Bogus. A sham.
The NMFA management and board investigated and determined that the authority’s former controller, who left his position early last month before the issue was discovered, had misrepresented to senior management the status of the audit and provided financial statements for use with third parties that he falsely represented as “audited” by NMFA’s outside auditing firm Clifton Gunderson LLP.
That former controller was Greg Campbell and naturally, people had some questions for ol' Greg about this phony CG audit. Unfortunately, Mr. Campbell has been totally MIA up until last week when he was tracked down by local producer Peter St. Cyr who got to ask all the fun questions people wanted
answeres answers to. Like, what does Campbell think of everyone pointing the finger at him?
“It probably is fair because it was under my supervision to get the audit done and completed," replied Campbell.
Campbell said he did put the audit together without full care, but said he had no criminal intent. And he said it was "probably" negligent on his part to assemble the audit in that manner.
He said, instead, he should have had the auditor and management sign off on not only the numbers, but also on the format and everything else in the report.
Campbell said officials mistook his “draft” report for the “final” report.
Campbell responded stating that it was a "bad decision" on his part.
He maintains that a real audit will confirm the numbers in the fake audit.
Problems Uncovered with Audits of New Mexico Finance Authority [AT]