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Home » News » Archive » September 2011

September 2011

City finance director's embezzlement exposed by AP audit

Sep 29, 2011 | Category: Accounts Payable Analysis
The former finance director of Wood River, Illinois, was recently charged with theft over $100,000, money laundering and official misconduct after an accounts payable audit found that she had embezzled nearly $143,000 from the city. more..

AP audit uncovers inadequate financial controls at Georgia school

Sep 28, 2011 | Category: Accounts Payable Analysis
The recent release of the results of an accounts payable audit conducted on Riverwood High School in Fulton County, Georgia, led to the school principal's resignation, the Buckhead Patch reports. more..

AP audits reveal California city's inappropriate expenditures

Sep 27, 2011 | Category: Recovery Audit
Two accounts payable audits recently released by California chief auditor John Chiang revealed that the city of Montebello misused more than $31 million. more..

County's AP audit reveals lack of receipt-tracking, checks and balances

Sep 26, 2011 | Category: Finance Operations
At a recent meeting, independent auditor Mark Hardison presented the results of an accounts payable audit to the commissioners of Georgia's Jasper County, the Monticello News reports. more..

CMS launches Medicaid recovery audit program

Sep 23, 2011 | Category: Recovery Audit
Earlier this month, the Centers for Medicare and Medicaid Services published a final rule to establish the Medicaid Recovery Audit Contractors program in a bid to recoup overpayments and duplicate payments. more..

AP audit uncovers fire company's inadequate financial management

Sep 22, 2011 | Category: Finance Operations
An accounts payable audit of Newfane, New York-based Olcott Fire Company identified an absence of checks and balances that resulted in nearly $68,000 of unsubstantiated disbursements in fiscal year 2010. more..

North Carolina AP audit identifies $48 million in health insurance overpayments

Sep 21, 2011 | Category: Recovery Audit
The results of an accounts payable audit recently released by the state of North Carolina identified numerous instances of insurance plan overpayments and duplicate payments for state workers and teachers over the past three years. more..

Bookkeeper receives jail-time after AP audit identifies embezzlement

Sep 20, 2011 | Category: Accounts Payable Analysis
The former bookkeeper for a Newport Beach, California-based architectural firm was recently sentenced to two years in prison after an accounts payable audit revealed she had embezzled more than $150,000 from the company. more..
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