Highlights
A collection of news and information related to Accounting and Auditing published by Tribune Company sources.
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Comptroller eyes former Hempstead lawyer's pension
eden.laikin@newsday.comDuring his six years as Hempstead Village attorney, W. Charles Robinson was paid a total of about $184,000 in public salary. Yet, for that same period, the village reported to the state comptroller's office that he was paid more than $1 million - an...Tags: Employees, Interior Policy, Lawyers, Labor Legislation, David A. Paterson
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GAO: $700B bank rescue still not properly monitored
WASHINGTON - The government must toughen its monitoring of the $700-billion financial bailout to ensure that banking institutions limit their top executives' pay and comply with other restrictions, federal auditors said yesterday in the first...Tags: Federal Reserve, Citigroup Incorporated, American International Group, Henry Paulson, U.S. Department of Treasury
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Lawmakers demand more accountability for bailout after audit faults Treasury's policing so far
Associated Press WriterWASHINGTON (AP) _ Lawmakers want the Treasury to do a better job of insisting that banking institutions sharing in the $700 billion bailout comply with limits Congress imposed on executive salaries and use the money for its intended purposes. In the...Tags: Max Baucus, Financial and Business Services, Nancy Pelosi, Jim Bunning, National Government
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Gambling blindly
A smart financier once remarked that investing was a matter of gambling with the odds tilted in your favor. Smart investors scrutinize and study; they learn from their mistakes, discover what works and doesn't work and gravitate to the winning strategies....Tags: Economic Policy, Casino and Gambling, Employees, Maryland, Martin O'Malley
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Lottery declines to seek full damages against firm
Associated Press WriterThe Wisconsin Lottery has repeatedly declined to seek the maximum amount of damages allowed against a contractor whose technical failures have disrupted ticket sales and operations, records show. The Lottery has contracted with GTECH Corp. since 1989 to...Tags: Casino and Gambling, Tickets, Budgets and Budgeting, Sales, Wisconsin
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Time-share owners misled
Miami HeraldTime-share owners in Florida and elsewhere were misled into donating to the political-fundraising arm of the U.S. vacation-ownership industry as part of paying their regular property fees, according to a new federal-government audit. Tens of thousands of...Tags: Republican Party, Florida, Orlando, U.S. Department of Treasury, Lobbying
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NJ Supreme Court: Trop deserved to lose license
Associated Press WriterThe former owners of the Tropicana Casino and Resort "lacked financial integrity and responsibility, as well as business ability," and deserved to be stripped of their casino license, the New Jersey Supreme Court ruled unanimously on Tuesday. The...Tags: Casino and Gambling, Court Administration, Auction Service, Bankruptcy, Tourism and Leisure
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Capitalism's beneficiaries must compete in reworked market
Eliot L. Spitzer is a former governor of New York. He was state attorney general from 1999-2006. This is excerpted from The Washington Post.President-elect Barack Obama will soon face the extraordinary task of saving capitalism from its own excesses, much as Franklin D. Roosevelt had to do 76 years ago. The new president's team must get to the root causes of the mistakes that have brought...Tags: Heads of State, Corporations, American International Group, Litigation and Regulation, National Government
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State Briefing - November 20, 2008
EX-PHILLY ANCHORMAN SEEKS PROBATION PHILADELPHIA | A former Philadelphia newscaster who snooped into his co-anchor's e-mail account is seeking probation, a fine and community service when he is sentenced Monday. Federal prosecutors have agreed to make...Tags: Defense, People, Civil and Public Service, Punishment, Philadelphia (Philadelphia, Pennsylvania)
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Official: Heating aid program still has potential for fraud
Call Harrisburg Bureau| The state hasn't done enough to eliminate the potential for waste and fraud in a program that helps low-income people pay to heat their homes, Auditor General Jack Wagner said Friday in renewing criticism his office made last year. Wagner called on the...Tags: Interior Policy, Fraud, Petroleum Industry, Personal Income, Wages and Pensions
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$475,000 in fares missing at MTA, state audit shows
A Maryland Transit Administration employee used keys to improperly open bus fare boxes and rail ticket machines, and $475,000 is missing, according to a legislative audit released yesterday. The audit, which criticized the MTA for failing to track...Tags: Maryland, Crimes, Inventories
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Audit: Sharpton owes $500G for financial improprieties
WASHINGTON - Federal auditors have concluded the Rev. Al Sharpton's 2004 campaign owes the government nearly $500,000 for illegal donations and other financial improprieties. Sharpton has been feuding with the Federal Election Commission for years over...Tags: Heads of State, Internal Revenue Service, Government, Trips and Vacations, Al Sharpton
Dec 2, 2008
|Story| Newsday
Dec 3, 2008
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Dec 3, 2008
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Dec 2, 2008
|Story| Baltimore Sun
Nov 27, 2008
|Story| Associated Press
Nov 26, 2008
|Story| Orlando Sentinel
Nov 25, 2008
|Story| Associated Press
Nov 24, 2008
|Story| Newsday
Nov 20, 2008
|Story| Allentown Morning Call
Nov 15, 2008
|Story| Allentown Morning Call
Nov 19, 2008
|Story| Baltimore Sun
Nov 15, 2008
|Story| Newsday
