Here's the opening paragraph from a press release released by Stein Mart today: Stein Mart, […]
Tag: Internal controls or lack thereof
Going Concern Contributor Is a Suspect in a $60 Fraud Case
Ed. note: We welcome back Greg Kyte after a brief post-April 15th vacation. He'll join […]
Internal Controls Are of the Devil (Or: Why Stealing from the Catholic Church Is So Easy)
The other day I asked my wife if she'd be mad if I started a new religion. I clarified that she would not be required to join my new religion; I just wanted to know if I'd have her support. She didn't really answer. Not out loud. But her nonverbal message was as clear as an auditing standard that was clarified in the Clarity Project1. What she wasn't saying was either (a) she'd be pissed if I really did it, or (b) she'll tolerate my stupid questions, or (c) she'd be shocked if I could get more religious followers than I have Twitter followers2.
ICYMI: WFT’s Tax Accounting Is Still a Giant WTF
By its own admission, Weatherford International has pretty awful internal controls. Back in March 2011, […]
This Is Not a Good Day For South Carolina
What the heck is going on in South Carolina? First we find out last week […]
Internal Control Zealots May Be Helpful in Preventing Accounting-related Reckonings
Lawyers. Gotta love 'em. They have many functions but when it comes to accounting and […]
City of Detroit’s Finance Department Makes Case for Most Hysterically Pitiful Internal Control System in Recent Memory
There are plenty of examples of internal control systems that are, shall we say, miserably […]
Uncategorized
Note to Thieving Church CFOs: Sex Scandals Are Not a Good Excuse For Stealing
42-year-old Anita Guzzardi worked at the Philadelphia archdiocese since the ripe old age of 20, […]
“Emerging Growth Company” Still Working on the “Emerging Growth” Part
Yesterday we discussed Ignite Restaurant Group, an emerging growth company ("EGC") under the JOBS Act, […]
Possibly Racist Georgia Accountant Forgets To Pay State Taxes But Remembers To Test Internal Controls
Alright listen, we're all busy. Sometimes I forget to scoop out the litter box or […]
Oh Look, the Dixon, Illinois Fraud Is Way Bigger Than Everyone Thought
How big? In the neighborhood of $53 million, according to the indictment. Earlier reports had […]
Here’s an Ominous Statement a Former Dixon City Finance Commissioner Made About Accused Embezzler Rita Crundwell
Crundwell reported to the city's finance commissioner, a member of the City Council, but the […]