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)  |  | Chicago | US#
Search
On this page....
Good question: where were the auditors?
Countdowns
The Daily Parker +3362d 20h 21m
Berlin 13d 09h 27m
Parker's 9th birthday 138d 16h 52m
My next birthday 219d 20h 57m
Categories
Aviation (351) Baseball (110) Best Bars (8) Biking (44) Chicago (937) Cubs (197) Duke (133) Geography (341) Higher Ground (5) Jokes (284) Kitchen Sink (671) London (59) Parker (195) Daily (204) Photography (145) Politics (303) US (1109) World (260) Raleigh (21) Readings (8) Religion (66) San Francisco (93) Software (209) Blogs (77) Business (235) Cloud (90) Cool links (137) Security (101) Travel (243) Weather (717) Astronomy (91) Windows Azure (61) Work (92) Writing (10)
Links
Archive
<January 2015>
SunMonTueWedThuFriSat
28293031123
45678910
11121314151617
18192021222324
25262728293031
1234567
Full archive
Blogroll
About
David Braverman and Parker
David Braverman is the Chief Technology Officer of Holden International in Chicago, and the creator of Weather Now. Parker is the most adorable dog on the planet, 80% of the time.
Legal
All content Copyright ©2015 David Braverman.
Creative Commons License
The Daily Parker by David Braverman is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License, excluding photographs, which may not be republished unless otherwise noted.
Admin Login
Sign In
Blog Stats
Total Posts: 4651
This Year: 37
This Month: 37
This Week: 5
Comments: 0