This Is our Village

Friday, January 2, 2015

PROVOCATION OF THE DAY - FORENSIC AUDIT

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Phrase of the day
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FORENSIC AUDIT
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DEFINITION of 'Forensic Audit' An examination and evaluation of a firm's or individual's financial information for use as evidence in court. A forensic audit can be conducted in order to prosecute a party for fraud, embezzlement or other financial claims.
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Apparently, there is a new auditing firm in CV, although I cannot find a Corporation filing in Florida Sunbiz! The team of Grossman, Loewenstein and Tetro, who are elected to do nothing in UCO, want to get their hands into UCO financial matters.
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A-Ok! Let’s have a look at this “offer”, do you think these three are unbiased actors in this case; of course not, one member of this un-vetted trio has regularly disrupted our Delegate Assembly for over four years, the other two are former officers of UCO, one of whom has no professional accounting experience whatsoever.
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They can’t seem to understand that they are no longer authorized to perform such “services” for the Village. Worse yet, their demonstrated bias preclude them from performing an “arms length” audit of UCO finances.
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This ploy is yet one more disruptive tactic which is out of order from its inception.
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Going back to the definition above, if these three "want-to-be" auditors, or anyone else, have evidence of any sort of crime or fraud; they should know that the place to go, is to the PBSO and thence to the State Attorney for Palm Beach County.
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The mob tactics demonstrated at our Delegate Assembly, the Email spamming of our residents, the name calling and condescending drivel published on the INTERNET, needs to be regarded with the disdain it deserves; if you have proof, go to PBSO. Only the combined efforts of our vast majority of reasonable Residents and Delegates can send the simple message that is required, “behave - or be gone”
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Finally it must be noted that UCO’s finances have been audited by an independent accounting firm and UCO has received a clean  opinion. I have released this audit for the last two years.
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Dave Israel
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3 comments:

  1. The offer for Ed Grossman, Dorothy Tetro and George Loewenstein to conduct a free-of-charge "forensic audit" of our UCO accounts, administered since the March 2014 election by Howard O'Brien, would be tantamount to having Chrysler accountants, after having been critical of General Motors' accounting practices, offer free-of-charge to audit GM's books!

    Do you think GM would permit this? It's ludicrous. "Thank you very much for your kind offer," they might reply, "but we'll pass on this."

    Aren't the UCO accounts audited annually ANYWAY? If something more might possibly be needed, I would think two things:

    1. Let's give Howard O'Brien a chance to get up to speed. He was looked upon favorably by all sides when he was elected, and he has had only 10 months in office. I imagine it takes time to ferret out all the details of our accounts.
    2. If an additional audit at some point did seem warranted, let it be by disinterested professionals.


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  2. Remember when Dorothy was first elected Treasurer. She got up and said, "I know nothing about this but George will tell me what figures to put on what lines."

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