Politics, Weather, Photography, and the Dog
Monday 4 February 2013

Ho did the accounting firm CliftonLarsonAllen LLP miss that Dixon, Ill., comptroller Rita Crundwell embezzled $53 million?

CliftonLarson in 2005 resigned as auditor for Dixon in order to keep other city assignments such as ledger-keeping after an influx of federal funds required the town to hire an independent auditor.

In its lawsuit, however, Dixon contends that CliftonLarson continued to do the annual audit and get paid for it, while hiring a sole-practitioner CPA from nearby Sterling to sign off on the work, thereby preventing competitors from grabbing the business. CliftonLarson says it prepared only a bare-bones “compilation” of financials after 2005 to aid the new auditor, Samuel Card, 56, who also is a defendant.

In depositions in late 2012, Power Rogers attorney Devon Bruce produced CliftonLarson emails after 2005 that referred to the firm's “audit” of Dixon. Also entered into the record were invoices submitted by Ms. Crundwell supposedly from the Illinois Department of Transportation that lacked an IDOT heading or logo and, in one instance, carried a nonexistent date—Nov. 31, 2004.

“Had a two-minute phone call been made by a Clifton employee to the Illinois Department of Transportation regarding any of these false invoices, Rita Crundwell's theft would have been identified at that time,” the lawsuit argues.

Oops.

Monday 4 February 2013 10:18:04 CST (UTC-06:00)  | Comments [0] | Chicago | US#
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