October 2012

Journey through a peer review – forms to prep for field work

1 Comment / Peer Review /

Part 4 of my journey through the peer review process for this cycle.

Well, after signing an engagement letter with the reviewing firm I need to get the initial round of checklists completed.

List of engagements

My peer review year ends May 31. This weekend I accumulated a list of completed engagements for clients whose fiscal year ended within my peer review year. That means I listed my clients whose fiscal year ended between in June 2011 and May 2012. Not when I issued the reports, but the client’s year-end. 

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Parody versus satire – figuring out the difference while getting a clue about Gangnam style

Leave a Comment / Other stuff /

Want to get up to speed on the difference between parodies and satires and why one is okay and the other can cost you a bundle? Want to get up to speed on this Gangnam Style thingie that is going on now?

If you answer yes to either question, I have a post at my other blog, Nonprofit Update, that discusses an article by Mr. Kenneth Liu, of the law firm of Gammon and Grange. 

Mr. Liu explains the differences between parody (legally protected) and satire (can get you in trouble) in the context of an extremely popular video “Oppa Gangnam Style”.

While parody and satire may not be really popular issues, the article will help you distinguish one from the other. The video, by the way, has close to 500 million views. I’m guessing that is rather higher than the number of views Mr. Liu will ever get.

Check out the link:

Parody versus satire – one is okay and the other can get you in trouble. Gangnam Style video as a teaching tool.

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As you use social media, remember anything you post in private could be revealed one day

Leave a Comment / Social media /

On my other blog, Nonprofit Update, I have a post discussing an article in the Wall Street Journal about two college students who had some intimate private details of their lives revealed to the world when they didn’t want that to happen.

We all need to remember that private information may not stay private. Use social media accordingly.

We don’t need to avoid social media or be frightened. We do need to be careful.

See: Always remember that anything you post in social media could one day be revealed to the world

 

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Document retention timeline for auditors in California – also document retention policy needs to be in writing

Leave a Comment / Audits /

Another reminder for all of us from the California state law that applies to CPAs:  There is a requirement for auditors to retain audit documentation for 7 years from report release date.

Here’s the state code from section 5097:

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Document retention timeline for auditors in California – also document retention policy needs to be in writing Read More »

Final defendant sentenced in city corruption case

Leave a Comment / Fraud /

The Daily Bulletin reports that Final defendant in Pomierski case sentenced to one year, one day.

The fourth defendant was sentenced to 12 months and one day in federal prison for his role as middleman in the bribery case involving the mayor of a city next to where I live.

There was one guilty conviction and three guilty pleas. The sentences are two years, one year & one day, one year & one day, and six-month prison & six months home detention. That wraps up the sentencing.

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Final defendant sentenced in city corruption case Read More »