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Former Madoff CFO Claims Madoff Faked Documents For KPMG Audit Using a Refrigerator

Posted on December 2, 2013 by Adrienne Gonzalez

This just in and developing, we will keep you posted:

BREAKING: Former Madoff CFO says Madoff Securities forged documents during KPMG audit and cooled newly-printed documents in refrigerator.

— CNBC (@CNBC) December 2, 2013

Posted in KPMGTagged Audits, creative uses for refrigerators, fakes, KPMG, Madoff

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Previous: According To This Paper, It Takes Cojones To Commit Fraud
Next: EY Still Planning to Settle With Lehman Investors, Also Still in Denial

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KPMG Suggests Toronto Let the Lawn Get Out of Hand a Bit, Wait Longer to Shovel Snow to Cut Some Spending

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The City of Toronto needs some help with ideas of how to cut some spending in their budget. STAT. Enter KPMG. They have to find savings where they can and sometimes that means making suggestions that may not go over so well. For example, those perfectly manicured lawns you see around the city? That’s due to a weekly grass cutting regimen. And guess what? It’s gotta go:

The report […] says weekly grass cutting may not be necessary except for “high-use surfaces” such as playing fields. Public works chair Councillor Denzil Minnan-Wong recently complained that a wet spring had grass and weeds growing out of control on city sites and called for more grass cutting.

Can you imagine if the City of New York let the grass go for an extra few days? You can just imagine the outrage. Anyone with a park view would be calling up 411 to complain that they can see “weeds” and “that jungle of a lawn” from their veranda on the 20th floor. “Absolutely shameful,” they’d say. Not sure if Toronto’s residents are so hung up on those sorts of details but it stands to reason that there are at least a few citizens who are meticulous about the city’s lawns.

Anyway, KPMG had another suggestion:

KPMG says the city could wait for more than five centimetres of snow before clearing parking lots and pathways, although there would be increased risk of “slip and fall claims.”

Of course Canadians are little tougher when it comes to the snow, so a couple more inches of snow is probably NDB. But with the offset of increased “slip and fall claims” this could be a net zero effect.

But the best savings idea of all? Those zoos and “farm attractions” that your kids love so much? Those should probably go too:

“Consider elimination of the zoo and farm attractions . . . Some zoo and farm attractions could be closed, however, these are enjoyed by many Toronto residents,” the report states.

Happy families out on a Sunday be damned! There’s a fiscal crisis to be averted! The city still has to decide whether to implement these suggestions but if they do, KPMG will have crying children to answer to. Ones that aren’t employees.

Close small zoos and Riverdale Farm, consultant suggests [Toronto Star]

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