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re: Uranium1 Informant Atty: Clintons Can Attack All They Want, But My Client has the Truth

Posted on 2/13/18 at 8:08 pm to
Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 2/13/18 at 8:08 pm to
He’d better not try to fly anywhere.
Posted by BaylorTiger
Member since Nov 2006
2083 posts
Posted on 2/13/18 at 8:36 pm to
For someone who claims to be a CPA you don’t understand the point of financial statements very well...

I could higher a consultant for $500k, have him take-out the trash one time at a hospital and it would show up as a “program expense” and there isn’t diddly shite an audit or a charity watch group would ever know or question about it as long as there was a contract, invoice and internal controls were followed. That’s if you were even lucky enough to select that expense in testing.

There’s absolutely nothing about that scenario that would give me a negative audit opinion and unless you’ve actually seen their books and started questioning every transaction above and beyond what is required of a not-for-profit audit you DO NOT KNOW.

Business waste money all the time. It doesn’t give them negative audit reports or financial statements. The caveat though is that their job is to make money and the scenario isn’t feasible for several reasons. With a not-for-profit controlled by Hillary Clinton, her family and political cohorts...I’ll let you do the math.

Hell I’ve seen situations where a company buys a corvette and a house and lets the owner’s kid drive and live in it most of the time and its not even a concern for a clean audit opinion...

Bottom line, you don’t know what program expenses entail and it could EASILY be abused x10 times over and it wouldn’t even be very hard.
This post was edited on 2/13/18 at 8:43 pm
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