Word: audition
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Dates: during 1990-1990
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...contends that Arthur Young, which later merged with Ernst & Whinney, improperly allowed the thrift to show a pretax profit in 1987 by violating generally accepted accounting principles. The firm, which severed its ties to Lincoln in 1988, denies this. Possible penalties include loss or suspension of license, or probation. "Audit firms are under pressure to please the client," says deputy attorney general Michael Granen. "They've got to learn to just...
This proposed law also requires that the treasurer publish an annual report about the Local Aid Fund, that the state auditor publish an annual audit of the account, and that the secretary of administration and finance issue to each city and town an estimate or funds it will receive from the Local Aid Fund...
...their late 20s and look toward the FBI as a second career. Few have previous law-enforcement experience. Although the agency once tried to recruit lawyers, Pledger says the emphasis now is on hiring accountants. Their main mission: to track the drug trade. "We use financial investigative techniques to audit books and seize assets," says Pledger. "It's the best way to put the dopers behind bars...
...another flawed bureaucracy is no surprise. When accountants find time for lunch they speak of little else. Whiffs of scandal occasionally become gusts, like a former IRS assistant commissioner who could not adequately explain why he charged the agency for airfare to visit his girlfriend. Burnham's audit includes abuses and inefficiencies that date back more than 50 years. Recent probes by the General Accounting Office have discovered broad areas of error and mismanagement. A study covering 1987, notes Burnham, concluded that the IRS failed to keep orderly accounts of its $1 trillion annual collections. For the same year...
...Perhaps most would not expect a group of distinguished adults to be so easily impressed, but that's exactly what happened at a special lunch Friday with Harvard's Institute of Politics fellows and a handful of undergraduates. The undergraduates offered a few course suggestions for the fellows to audit, but all the fellows could talk about was hearing Dershowitz and Gould speak...