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Review blasts Ventura County Community Foundation’s fiscal management

By   /  Wednesday, June 22nd, 2016  /  Latest news, Nonprofits  /  1 Comment

Updated on June 22 at 4 p.m.: An independent fiduciary review found that the Ventura County Community Foundation undervalued donor-restricted funds due to improper fund management, VCCF announced on June 22. The seven-month report by auditor KPMG found that the foundation invested permanent funds in money-market accounts, over-allocated interest income to VCCF’s unrestricted funds and charged Read More →

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Oxnard needs to get financial house in order

By   /  Friday, February 26th, 2016  /  Editorials, Opinion  /  Comments Off on Oxnard needs to get financial house in order

A Feb. 23 city council meeting in Oxnard underscores the fact that the region’s largest city still has some cleanup work to do after the financial scandal that engulfed the city several years ago. The accounting firm Eadie and Payne said that it needed until at least March 29 to prepare a schedule for the Read More →

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Ceres fires KPMG over audit concern

By   /  Friday, February 26th, 2016  /  Agribusiness, Technology, Top Stories, Top Story  /  Comments Off on Ceres fires KPMG over audit concern

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Can commercialism, professionalism co-exist in accounting profession?

By   /  Friday, August 7th, 2015  /  Op/Eds, Opinion  /  Comments Off on Can commercialism, professionalism co-exist in accounting profession?

What we see today in the accounting profession is troubling. Increased commercial activities threatens the independence cornerstone of the profession that underlies its public interest obligation. Audit firms are pushing the envelope in their involvement with non-audit services that makes it appear as though they might compromise their independence on the audit because of these Read More →

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KPMG scandal gives Conejo Valley’s elite a rude wakeup call

By   /  Friday, April 19th, 2013  /  Columns  /  Comments Off on KPMG scandal gives Conejo Valley’s elite a rude wakeup call

The Lake Wobegon days of the Conejo Valley are over.

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