Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Audit
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San Antonio Charter Schools were found lacking by the US Education Dept. the Texas Education Agency, and a local CPA firm needed a year to complete what should have been a three month audit. If this was a private company would it still be in business? Or would the Board be replaced? Why do these…
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My wife is after me to write more on forensic accounting. And she is hot on the trail of what promises to be the latest in breaking news at shall we say the financial top. Yep, it's Tigergate. Here is what we know. Tiger Woods has earned over $100 M each year the last two…
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We reported on the student sit in at Berkeley, now read more about why. Yes California hired $600,000 per year UT Chancellor Mark Yudof who says when you have no choice, you have no choice, a $600K set of words if I ever heard any indeed! Mark got my attention when he was at the…
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North East Ind School District has finally declared a financial emergency, after using up valuable General Fund Money for the last three. Look at the financial plan . Does anyone see any discrepancy in the third power point slide? It shows a fund balance of $50 Million Dollars, I doubt that…I will give them a…
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It turns out Nick Cage did hire a CPA, Sam Levine. Levine has countersued claiming he warned Cage it would cost $30 M a year to maintain his lavish lifestyle. Castles, yachts, nine Rolls Royces (not even a very interesting car quite frankly), gee, not as bright as he appears to be in his movies…
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How did Nick Cage end up with a $6 M IRS Bill? He is suing his manager. But, even stranger to me, why does he have to borrow the money from Johnny Depp? The Star of National Treasure cannot borrow a mere $6 M against future earnings? A few years back Willie Nelson made headlines…
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The Express News now supports an external audit of the Police Dept. Please read the article, it is not about money but procedure. I put this one up to get you thinking that auditing is not necessarily about adding up strings of numbers to see if they total checks. These days it is about procedure, benchmarking…
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Global Systems Audit Manager Our client is a Fortune 100 company and they are seeking an IT Audit Manager. They are requiring 10+ years of experience in IT with direct hands on experience managing application development within an IT organization. – Strong SAP experience – At least one audit certification: CISA, CISSP, CCSA, CIA, CPE I spotted…
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The docks of Hoboken New Jersey were the scene of the Academy Award winning On the Waterfront in 1955. Gee nothing has changed. I commented on this last semester to my Wiley rep who is in Hoboken. She said it had changed, apparently not. FBI arrested local officials and yes rabbis in a scheme involving…
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Here we go again! Gary Stephens worked in the IT dept at Baylor Hospital in Dallas. This is a huge medical complex. No doubt the budget runs to the hundreds of millions each year. Click for the story, it is a good one. Gary created a fake company, submitted fake invoices, got the checks printed,…
Professor Elam 