Auditing

I’ve been doing a lot of work writing and consulting on the topics of document management and workflow, and had seriously written off the hardware side of those critical accounting functions. After all, what more could be said about buying printers and scanners.

Signs of poor financial oversight at a Virginia state agency responsible for environmental stewardship emerged late last summer when federal government monitors spotted record-keeping gaps during a review of six grants awarded to Virginia totaling nearly $740,000.

The letter lands in your business mailbox. The return address shows it's from the Internal Revenue Service. Before it's even opened, nervousness sets in.

The Financial Accounting Foundation has announced that Steven E. Buller, CPA, managing director and former chief financial officer of BlackRock, Inc., has been appointed chairman of the group's Advisory Council (FASAC). His term begins on February 1, 2014, and concludes on December 31, 2015.

The American Institute of CPAs (AICPA) issued the following statement by President and CEO Barry C. Melancon, CPA, CGMA, in response to the Financial Accounting Foundation’s announcement that it will provide funding to the International Financial Reporting Standards Foundation to support the completion of international convergence projects:

In the wake of the recent identity theft of some 40 million accounts from retail merchant Target, and the potential for massive theft from the health care exchanges set up under the Patient Protection and Affordable Care Act (ACA), consumers are again left bewildered -- and looking for someone to take the lead in crafting a solution.

A new foreclosure rescue scam promises to help distressed homeowners keep their homes through the use of a "securitization audit." "The only problem, according to investigative firm Mortgage Fraud Examiners: These "hucksters" are charging fees for information that's free to anyone for the asking, and knowing who owns the note won't save anyone's home."

BELFAST, Maine -- Following a 10-month police investigation, a 56-year-old Belfast woman has been charged in connection with the theft of $83,000 from her family's furniture store, where she worked at as a bookkeeper.