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A collection of news and information related to Accounting and Auditing published by this site and its partners.

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    May 24, 2013 |Story| Los Angeles Times

  1. China gives U.S. regulators access to audit records

    China agreed to give a U.S. regulator access to documents from Chinese accounting firms, moving toward a resolution of a dispute that could have pushed the country's companies to stop trading on U.S. stock markets. The Public Company Accounting Oversight...

    Tags: KPMG, China, PricewaterhouseCoopers, Business Enterprises, U.S. Securities and Exchange Commission

    2. May 23, 2013 |Story| Baltimore Sun

  2. Harris calls for expanded audit of education spending

    Rep. Andy Harris said Thursday that he will request an expanded review of the Maryland Department of Education's use of federal funds after an audit found that the state may have to return up to $540,000 in misspent stimulus dollars and money designated for poor children.
    Rep. Andy Harris said Thursday that he will request an expanded review of the Maryland Department of Education's use of federal funds after an audit found that the state may have to return up to $540,000 in misspent stimulus dollars and money designated...

    Tags: Elijah E. Cummings, Salads, Inner Harbor, C.A. Dutch Ruppersberger, Finance

    3. May 23, 2013 |Story| Chicago Tribune

  3. Former judge recommends changes at UNO

    A retired judge is recommending that embattled charter school operator United Neighborhood Organization improve transparency, add new board members and set rules outlawing nepotism and conflicts of interest in response to claims that the group violated terms of a state grant by hiring contractors related to one of the group's top executives.
    A retired judge is recommending that embattled charter school operator United Neighborhood Organization improve transparency, add new board members and set rules outlawing nepotism and conflicts of interest in response to claims that the group violated...

    Tags: Rahm Emanuel, Justice System, Judges, Crime, Law and Justice, Chicago Mayor

    4. May 23, 2013 |Story| Los Angeles Times

  4. Steeped in debt, Bell could owe millions in legal fees, audit says

    <span>The city of Bell could be on the hook for $4 million in legal fees for court cases stemming from its corruption scandal, according to a state audit.</span>
    The city of Bell could be on the hook for $4 million in legal fees for court cases stemming from its corruption scandal, according to a state audit. Adding to the problems, the city is showing a possible negative balance in its general fund of $1.1...

    Tags: Economy, Business and Finance, John Chiang, Finance, Justice System, City of Bell Public Corruption Scandal

    5. May 23, 2013 |Story| Baltimore Sun

  5. Federal audit finds city schools misspent stimulus, Title I funds

    The Maryland State Department of Education may have to pay back up to $540,000 in federal money intended to help the state's poorest schools after a scathing audit found that Baltimore City was one of two school districts that misspent the funds, using the money for dinner cruises, makeovers and meals.
    The Maryland State Department of Education may have to pay back up to $540,000 in federal money intended to help the state's poorest schools after a scathing audit found that Baltimore City was one of two school districts that misspent the funds, using...

    Tags: Salads, Finance, Inner Harbor, U.S. Department of Education, Prince George's County

    6. May 22, 2013 |Story| Baltimore Sun

  6. City spending board approves another property tax break

    Baltimore's spending board voted Wednesday to approve another property tax break for city homeowners, part of Mayor Stephanie Rawlings-Blake's plan to cut property taxes by 22 percent over 10 years.
    Baltimore's spending board voted Wednesday to approve another property tax break for city homeowners, part of Mayor Stephanie Rawlings-Blake's plan to cut property taxes by 22 percent over 10 years. The tax credit approved by the Board of Estimates would...

    Tags: Economy, Business and Finance, Politics, Credit and Debt, Finance, Taxation

    7. May 22, 2013 |Story| Los Angeles Times

  7. Bell is on the brink of a fiscal crisis, audit says

    Bell's finances have worsened considerably since its infamous corruption scandal, leaving the city unable to refund millions of dollars in taxes illegally levied on residents and businesses, an audit released Wednesday shows.
    This post has been corrected. Please see the note below.
    Bell's finances have worsened considerably since its infamous corruption scandal, leaving the city unable to refund millions of dollars in taxes illegally levied on residents and businesses, an audit released Wednesday shows. The report by the state...

    Tags: Economy, Business and Finance, John Chiang, Finance, Justice System, Bankruptcy

    8. May 22, 2013 |Story| Los Angeles Times

  8. Bell faces 'fiscal crisis' after corruption scandal, audit finds

    Three years after a massive corruption scandal, Bell's finances have worsen considerably and the city doesn't have the money to refund millions of dollars in taxes illegally levied on residents, according to a state audit released Wednesday.
    This post has been updated. See the note below for details.
    Three years after a massive corruption scandal, Bell's finances have worsen considerably and the city doesn't have the money to refund millions of dollars in taxes illegally levied on residents, according to a state audit released Wednesday. Bell...

    Tags: Economy, Business and Finance, Finance, Justice System, Prosecution, Defendants

    9. May 22, 2013 |Story| Los Angeles Times

  9. Herbalife hires PricewaterhouseCoopers as its new auditor

    Seven weeks after its auditor resigned in an insider trading scandal, Herbalife Ltd. retained major accounting firm PricewaterhouseCoopers as its new auditor.
    Seven weeks after its auditor resigned in an insider trading scandal, Herbalife Ltd. retained major accounting firm PricewaterhouseCoopers as its new auditor. The Los Angeles nutritional products company said Tuesday that PricewaterhouseCoopers would...

    Tags: KPMG, Economy, Business and Finance, Insider Trading, Finance, PricewaterhouseCoopers

    10. May 21, 2013 |Story| Daily Pilot

  10. Sanitation district audit flags rates

    The Costa Mesa Sanitary District's contract for solid waste and recycling services is acceptable, but there is room for improvement, particularly when it comes to rates, according to an independent audit presented Tuesday to the district's board....

    Tags: Apples

    11. May 21, 2013 |Story| Allentown Morning Call

  11. DA: South Whitehall couple stole $850,000 to support gambling habit

    When South Whitehall officials removed Nancy A. Tonkin from her job as the person in charge of handling the money that residents paid for their utility bills, she threw a tantrum, stomping around and treating her co-workers miserably, her boss said.
    When South Whitehall officials removed Nancy A. Tonkin from her job as the person in charge of handling the money that residents paid for their utility bills, she threw a tantrum, stomping around and treating her co-workers miserably, her boss said....

    Tags: Theft, Finance, Business Enterprises, Macungie, Mount Airy

    12. May 21, 2013 |Story| Glendale News Press

  12. GWP smart-meter fix almost done

    Since the massive rollout of roughly 120,000 digital utility meters that began in 2010, Glendale Water &amp; Power officials now have just 53 of them to tweak, down from 919 in September of last year.
    Since the massive rollout of roughly 120,000 digital utility meters that began in 2010, Glendale Water & Power officials now have just 53 of them to tweak, down from 919 in September of last year. The drop comes about five months after the utility began...

    Tags: Science and Technology, Electronics, Google Inc., U.S. Department of Energy

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