Accounting And Auditing Quotes

Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States

The wild things of this earth are not ours to do with as we please. They have been given to us in trust, and we must account for them to the generation which will come after us and audit our accounts.

Americans like to make money; Canadians like to audit it. I know no other country where accountants have a higher social and moral status.

Three years later, Mr. Turley has received no reply to his letter. Nor can anybody account for the missing money: saints, it seems, are immune to audit.

It's a piece of cake, being a lawyer or a doctor or a computer systems analyst or an accountant. Libraries are full of books telling you how to do it. The only textbooks for private eyes are on fiction shelves, and I don't remember ever reading one that told me how to interrogate an eight-year old without feeling like I was auditioning for the Gestapo.

It's a good idea to either have a cost accountant on payroll, hire a cost accountant to audit your business twice a year, or invest in good cost accounting software.

People are accustomed to thinking of accounting as dry and boring, a necessary evil used primarily to prepare financial reports and survive audits, but that is because accounting is something that has become taken for granted.

Color blindness" supports no one except a white society unprepared for challenging conversations on accountability.

Month to month there were many discrepancies carried forward without resolution through what I jokingly called my “999 (or Nick Leeson)” account.

Promote Transparency and Accountability

He concluded that there was effectively no way for an accountant assigned to audit a giant Wall Street firm to figure out whether it was making money or losing money.

Accountability and transparency, the two cardinal principles of good governance in a democratic setup, depend, for their observance, on how well the public audit function is discharged.

As for relegated/delegated responsibility to ensure organizational software licensing compliance, management is still accountable when intellectual property rights are violated. If the safeguarding responsibility is assigned to an ineffective and/or inefficient unit within an organization, IT audit should recommend an alternative arrangement after the risks are substantiated.

The wealthy have also fought to underfund and defang the Internal Revenue Service, so it doesn’t have the resources to audit or fight dubious deductions. Only about 6 percent of tax returns of those with income of more than $1 million are audited, along with 0.7 percent of business tax returns. Meanwhile, there is one group that the IRS scrutinizes rigorously: the working poor with incomes below $20,000 a year who receive the Earned Income Tax Credit. More than one-third of all tax audits are focused on that group struggling to make ends meet, even as the agency cuts back on audits of the wealthy—while the top 5 percent of taxpayers account for more than half of all underreported income.

The Americans struggled to understand just how much support reached bin Laden in Afghanistan from Saudi sources. It appeared to be substantial, even into 2000. A Saudi government audit of the National Commercial Bank, the kingdom’s largest, showed that at least $3 million had flowed from its accounts to bin Laden. One of Saudi Arabia’s largest charities, the International Islamic Relief Organization, acknowledged that it had sent about $60 million to the Taliban.25

One way to exert power in restraint of democracy is to bend the state to a market logic, pretending one can replace “citizens” with “customers” (see point 5). Consequently, the neoliberals seek to restructure the state with numerous audit devices (under the sign of “accountability” or the “audit society”) or impose rationalization through introduction of the “new public management”; or, better yet, convert state services to private provision on a contractual basis.

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You're serious." "As serious as an accountant at an IRS audit." His face closed off, reminding her of the ruthlessness she had first noticed about him on the front steps. "You have no business opening a restaurant." "Says who?" "Says the guy who watched you try to extricate yourself from a burger suit with a knife." Her mouth fell open. "Burger suits and restaurants are two different kettles of fish." "Kettles of fish? Now there's great business terminology." "Yep, Texas style." "You're in New York, sweetheart." "I am not your sweetheart, thank my lucky stars." "Another of your quaint Texas sayings? What was the last one I heard you use? 'Bless your heart'?" She sliced him a tooth-grinding smile. "While you might not like them, you can bet your backside that a cafe that serves the kind of fare we create in Texas would have people lined up around the corner. Or, as we say in Texas, till the cows come home.

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And the whole IRS audit thing, how they froze all of his accounts.” What’s that, now? “Come again?” I blurt, staring at Sarah in a complete state of shock. “You know, how he has all this money and he can’t get to any of it because the IRS has frozen his accounts while they investigate the sale of his business?” I stare at Sarah in a complete state of shock. “You knew about that, right?” she asks, a bit anxious. I stare at Sarah in a complete state of shock. “Tell me you knew about that,” she says, pleading. “He wasn’t keeping it from you and your parents, was he? Was he? Oh, my God, he was!” I stare at Sarah in a complete state of shock.

John Michael Vanderhider, the CPA with a heart for Houston and numbers. A proud graduate of Texas A&M, his journey led him to Deloitte as an Audit Senior Manager, mastering oil and gas intricacies.

New York City keeps its allotment of sunshine in a Swiss bank account and tries to get by on the interest, which is compounded quarterly. In contrast, the Dakota sun is as open as the books of a village church steward, and even in September, after summer's big bucks have all been spent, it is so charitable no one would think of demanding an audit.

We can’t leave it up to the goodwill of companies and government agencies to do the hard work of auditing and refining their algorithms while shielded from public view. Instead, we need to create an expectation that they will do so, transparently, as part of a new era of algorithmic accountability. Many decisions that impact our lives will depend on it.

Leaders of an organization, whether deliberately or inadvertently, set and reinforce the organizational values, norms, and expectations through their actions. Audit, accounting, and ethics experts have long observed that the “tone at the top” predicts the likelihood of fraud and other unethical practices. We believe that “tone at the top” also determines what signals are generated or not generated.

the die is cast, There will be time to audit The accounts later, there will be sunlight later And the equation will come out at last.

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While the administration is the expending agency of governmental resources, audit is merely the validation agency providing comfort not only to the government but also to the common man that the money extracted from him (as taxation) has been efficiently spent.

We do this because a century and a half ago we embraced business as the dominant model for our outer and inner lives. Ours is an ideology of achieved identity; obligatory striving is its method, and failure and success are its outcomes. We reckon our incomes once a year but audit ourselves daily, by standards of long-forgotten origin. Who thinks of the old counting house when we "take stock" of how we "spend" our lives, take "credit" for our gains, or try not to end up "third rate" or "good for nothing"? Someday, we hope, "the bottom line" will show that we "amount to something." By this kind of talk we "balance" our whole lives, not just our accounts. Willy Loman speaks this way. Choosing suicide to launch his sons with insurance money, he asks, "Does it take more guts to stand here the rest of my life ringing up a zero?" He insists that a man is not a piece of fruit to be eaten and the peel discarded, but he does not see that a man is not a cash register.'°

Mornini, a plucky entrepreneur and self-described “eternal optimist,” likened periodic accounting to “watching a person stand up and dance in front of a strobe light. You know they’re dancing, but you can’t quite figure out what’s going on. And it looks interesting, but it’s hard to figure out all the steps in between.”66 Periodic accounting gives a snapshot. Audit is, by definition, a backward-looking process. Creating a complete picture of a company’s financial health by looking at periodic financial statements is like turning a hamburger into a cow.

Given the concentration of the Big 4, which accounts for 94% of public companies followed by Grant Thornton International and BDO International, 235 a mid-size accounting firm’s typical client is a mid-size or privately held company. Fortunately there are hundreds of thousands mid-size companies which are now part of the global economy. This has created a growing need for network membership. However, the rules on auditing public companies are being re-evaluated to require that auditing assignments rotate outside of the Big 4 to independent accounting firms. 236

For example, there’s an uncharacteristic explosion of creativity among accountants. Yes, accountants: Groups like the Thriveal C.P.A. Network and the VeraSage Institute are leading that profession from its roots in near-total risk aversion to something approaching the opposite. Computing may have commoditized much of the industry’s everyday work, but some enterprising accountants are learning how to use some of their biggest assets — the trust of their clients and access to financial data — to provide deep insights into a company’s business. They’re identifying which activities are most profitable, which ones are wasteful and when the former become the latter. Accounting once was entirely backward-looking and, because no one would pay for an audit for fun, dependent on government regulation. It was a cost. Now real-time networked software can make it forward-looking and a source of profit. It’s worth remembering, though, that this process never ends: As soon as accountants discover a new sort of service to provide their customers, some software innovator will be seeking ways to automate it, which means those accountants will work to constantly come up with even newer ideas. The failure loop will

Our approach to QA is based on the belief that the balance between control and accountability on the one hand and quality enhancement on the other must be weighted towards the latter. Only if the QA process is perceived as bringing advantages to those who interact with it, will they contribute to it co-operatively and positively, and only in such circumstances will quality be enhanced.

for an individual/HUF having income as a proprietor or a working partner from a business or profession whose accounts are required to be audited, the due date of filing the return is September 30.

The integrity of accounting information is enhanced in three primary ways. First, certain institutional features add significantly to the integrity of accounting information. These features include standards for the preparation of accounting information, an internal control structure, and audits of financial statements. Second, several professional accounting organizations play unique roles in adding to the integrity of accounting information. Finally, and perhaps most important, is the personal competence, judgment, and ethical behavior of professional accountants. These three elements of the accounting profession come together to ensure that users of accounting information—investors, creditors, managers, and others—can rely on the information to be a fair representation of what it purports to represent.

In its latest audit of the federal government, the GAO concluded there are significant and material weaknesses in the accounting performed at all levels of the federal government.

Federal review of San Diego police urges more supervision By ELLIOT SPAGAT SAN DIEGO (AP) — A U.S. Justice Department review of the San Diego Police Department finds lack of supervision and failure to hold officers accountable contributed to an environment that produced a rash of misconduct allegations. The audit released Tuesday offers 40 recommendations to improve recruiting, hiring, training and supervision aimed at more quickly identifying problem officers. Police Chief Shelley Zimmerman pledged to adopt all of the suggestions, but said some will require time and money. Zimmerman's predecessor, William Lansdowne, requested the federal review last year after misconduct allegations against officers rocked the department. Several were accused of committing sexual assault or battery while on-duty. Officer Anthony Arevalos was sentenced to eight years in prison after being charged with soliciting sexual favors from women he pulled over in traffic stops. Posted: Mar 17 3:56 pm

Balashov found Davout seated on a barrel in the shed of a peasant’s hut writing—he was auditing accounts. Better quarters could have been found him, but Marshal Davout was one of those men who purposely put themselves in most depressing conditions to have a justification for being gloomy. For

Despite the refusal of the Obama Justice Department to prosecute anyone at the IRS, it is clear that what happened was an epic clampdown on any conservative voices speaking or advocating against the president’s disastrous policies and in favor of patriotism and adherence to the Constitution and the rule of law. Over the course of twenty-seven months leading up to the 2012 election, not a single Tea Party–type organization received tax-exempt status. Many were unable to operate; others disbanded because donors refused to fund them without the IRS seal of approval; some organizations and their donors were audited without justification; and many incurred legal fees and costs fighting the unlawful conduct by Lerner and other IRS employees. The IRS suppressed the entire Tea Party movement just in time to help Obama win reelection. And everyone in the administration involved in this outrageous conduct got away with it without being punished or prosecuted. Was it simply a case of retribution against the perceived “enemies” of the administration? No, this was much bigger than political payback. It was a systematic and concerted effort to squash the Tea Party movement—one of the most organic and powerful political movements in recent memory—during an election season. [See Appendix for select IRS documents uncovered by Judicial Watch.] This was about campaign politics. It was a scandal for the ages. President Obama obviously wanted this done even if he gave no direct orders for it. In 2015, he told Jon Stewart on The Daily Show that “you don’t want all this money pouring through non-profits.” But there is no law preventing money from “pouring through non-profits” that they use to achieve their legal purposes and the objectives of their members. Who didn’t want this money pouring through nonprofits? Barack Obama. In the subsequent FOIA litigation filed by Judicial Watch, the IRS obstructed and lied to a federal judge and Judicial Watch in an effort to hide the truth about what Lois Lerner and other senior officials had done. The IRS, including its top political appointees like IRS Commissioner John Koskinen and General Counsel William J. Wilkins, have much to answer for over their contempt of court and of Congress. And the Department of Justice lawyers and officials enabling this cover-up in court need to be held accountable as well. If the Tea Party and other conservative groups had been fully active in the critical months leading up to the 2012 election, would Mitt Romney have been elected president? We will, of course, never know for certain. But we do know that President Obama’s Internal Revenue Service targeted right-leaning organizations applying for tax-exempt status and prevented them from entering the fray during that period. That is how you steal an election in plain sight. Accountability is not something we will get from the Obama administration. But Judicial Watch will continue its independent investigation and certainly any new presidential administration should take a fresh look at this IRS scandal.

The more ambitious the OKR, the greater the risk of overlooking a vital criterion. To safeguard quality while pushing for quantitative deliverables, one solution is to pair key results, to measure both effect and counter effect, as Grove wrote in High Output Management. When key results focus on output, Grove noted, 'the paired counterparts should stress the quality of work, thus in Accounts Payable, the number of vouchers processed should be paired with the number of errors found either by auditing or by our suppliers. For another example, the number of square feet cleaned by a custodial group should be paired with by rating of the quality of work as assessed by a senior manager with an office in that building.' -- Let the quantity goal be three new features, the paired quality goal will be fewer than 5 bugs per feature in quality assurance testing. The result - developers will write cleaner code. If the quantity goal is 50 million dollars in Q1 sales, the quality goal can be 10 million dollars in maintenance contracts, because sustained retention by sales professionals will increase customer success and satisfaction.

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Auditors “Breaking Bad” This Chapter is about: Public Corporation accounting can now be cooked as easily as making Meth in a motorhome…in the style of “Breaking Bad”. Farming Humans Trick #25. It is important because: It allows a “Paint by Numbers” falsified pictures of reality. Investors take heed. "I would not hire you to audit the contents of my fridge”!! British MP addresses KPMG, during UK Parliamentary hearings into bankruptcy of firm (Carillion) that KPMG gave clean financial bill of health just six months prior to going under.

army of people paid to “gaslight” the public into thinking they are protected. Chapter 23, page 132. Trick #17 for Farming Humans is using stock markets to launder taxpayer backed, Fed created money to those who control the Fed. Chapter 25, page 136. Trick #18 for Farming Humans is the use of fake information to ensure that society never knows what is true and what is false. Elections, wars, headlines etc. Chapter 26, page 141. Trick #19 for Farming Humans is stimulation and distraction. This emotional hacking of humans is Trick #19 for Farming Humans. See Social Engineering: The Art of Human Hacking Book by Christopher J. Hadnagy Trick #20 for Farming Humans is the elimination of the Fairness Doctrine and 83 media regulations, including requirement for “honest, equitable and balanced”. Chapter 28, page 153. Trick #21 for Farming Humans is governments as handmaidens to corporations, not people. Chapter 29, page 157. Trick #22 for Farming Humans is in the invisible connections between government, professionals and corporations. Chapter 31, page 162. Laws, lobby groups, lawyers. Trick #23 for Farming Humans is a militarized police used to serve and protect power instead of people. Chapter 32, page 170. World Trade Organization, Occupy Wall Street, Black Lives Matter, etc. Trick #24 for Farming Humans is virtually zero enforcement of crime above a certain level of money or power. Invisible friends and powerful people cannot be prosecuted. Chapter 33, page 175. Trick #25 for Farming Humans is cooking the financial books. Chapter 34, page 180. Valeant Pharmaceutical, IFRS vs GAP accounting standards, audit numbers rigged. Trick #26 for Farming Humans is printing infinite money to exchange for finite goods…”let me handle that for you.” Chapter 35, page 184. Trick #27 for Farming Humans is public servants spying on the public, and not on the public servants. Chapter 36, page 188.

If others qualify, it's a great going; if an auditor qualifies, it's not.

Fundamentally, blockchains are software protocols that allow multiple parties to operate under shared assumptions and data without trusting each other. These data can be anything, such as location and destination information of items in a supply chain or account balances of a token. Updates are packaged into “blocks” and are “chained” together cryptographically to allow an audit of the prior history – hence the name.

No one can post a false transaction without ownership of the corresponding account due to the asymmetric key cryptography protecting the accounts. You have one “public” key representing an address to receive tokens and a “private” key used to unlock and spend tokens over which you have custody. This same type of cryptography is used to protect your credit card information and data when using the Internet. A single account cannot “double spend” its tokens because the ledger keeps an audit of the balance at any given time and the faulty transaction would not clear. The ability to prevent a double spend without a central authority illustrates the primary advantage of using a blockchain to maintain the underlying ledger.

I appreciate you. If you have somebody else who has a Facebook ad account, I'd be happy to give them a free account audit. This audit will give that person a couple of ways to improve their ads. Usually we can save them 10-20% of their cost in just 10 minutes. There's no obligation. If they want to work with us, we will work hard

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