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Expressing outrage over spending by its staff, the Los Angeles County Transportation Commission on Monday ordered an immediate independent audit of the agency's financial practices and management policies. County Supervisor Mike Antonovich, chairman of the commission, called the agency's spending habits cavalier and called for a range of reforms.
September 19, 1995 | JULIE MARQUIS
A Torrance psychiatrist hired to lead an outside audit of medication practices at Orangewood Children's Home has agreed to hand over her report after withholding it for more than two months, a county official said Monday. Dr. Melinda Young is expected to turn in her report by next week, county Mental Health Director Timothy Mullins said. Young had withheld the report because she feared being sued for defamation, he said.
June 24, 2005 | Deborah Schoch, Times Staff Writer
City Controller Laura Chick, citing an "open disdain for good government," criticized the commissioners and staff who oversee the Port of Los Angeles on Thursday for failing to implement reforms outlined in an audit two years ago. The Board of Harbor Commissioners has neglected to adopt a formal policy for awarding shipping leases, even though the port staff drafted a policy more than a year ago, Chick said Thursday as she released a follow-up audit.
March 21, 2003 | From Associated Press
The Internal Revenue Service said it audited more high-income taxpayers in 2002 and collected $32.6 billion in unpaid taxes through traditional audits and newer programs aimed at taxpayers who never file a return or underreport their income. The number of audits focusing on people who make more than $100,000 rose by more than 22% during the budget year that ended Sept. 30, reflecting an enforcement strategy focused on those most likely to evade tax collectors.
November 13, 2013 | By Jim Puzzanghera
WASHINGTON - The nomination of Janet L. Yellen to be the next Federal Reserve chair gives critics of the central bank something they rarely have: leverage to force some changes. As the Senate Banking Committee prepares for a confirmation hearing Thursday, Sen. Rand Paul (R-Ky.) plans to delay a vote on Yellen's nomination by the full Senate unless Democratic leaders bring up his bill to require more expansive audits of the Fed. Although Paul is not on the Banking Committee, half of the Republicans on the panel co-sponsored his bill.
February 6, 1997 | SHELBY GRAD
The Board of Supervisors this week agreed to hire four employees for the county's new auditing unit and received a status report from David E. Sundstrom, the director of internal audits. The hires bring the total number of employees in the department to 17. Sundstrom said the added staffing will enable the unit to perform more audits more frequently.
In a decision that increases accounting firms' liability for the audits they conduct, an appellate court has ruled that the state insurance commissioner can sue accountants for negligent misrepresentation if they fail to reveal an insurance company's insolvency. Judges for the state Court of Appeal for the 2nd District rejected arguments by Arthur Andersen that it could be sued only by clients and a limited number of others who rely on its audits, and not by the state Department of Insurance.
June 14, 1991 | From Staff and Wire Reports
The Securities and Exchange Commission said Thursday that it filed suit against Ernst & Young, one of the nation's top accounting firms, saying it helped two clients file false and misleading financial reports. The SEC accused the accountants of not acting as independently as auditors should because of certain loans, real estate partnerships and other financial arrangements between the clients and some partners in the accounting firm.
January 6, 2006 | Patrick McGreevy, Times Staff Writer
Low-income neighborhoods of Los Angeles have dramatically less access to parks and recreation resources than more affluent communities, and parks throughout the city remain severely under-policed, the city controller's office found in an audit released Thursday. In the second of the controller's three audits of the Recreation and Parks Department, the agency was faulted for not asking the public what services it wants and for not adequately evaluating programs.
August 28, 2004 | Tim Reiterman, Times Staff Writer
The Schwarzenegger administration froze $17.6 million in federal election reform funds late Friday until an audit is completed into how Secretary of State Kevin Shelley spent other federal money intended to raise voter turnout. The state Department of Finance took action one day after state legislators ordered an examination of Shelley's handling of Help America Vote Act funds following reports that several of Shelley's political associates or allies were awarded no-bid contracts.
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