Ohio auditor: County financial statements 'not in order' Sep 25, 2009
Ohio Auditor Mary Taylor has delivered an adverse opinion against Hamilton County because it failed to reflect the outcome of a 2006 special audit in its 2007 financial statements. This is not a clean audit, Taylor said in a press release announcing the finding, which she described as rare and serious. (Cincinnati Business Courier, OH)
Corzine Slips in Election Run as New Jersey Economy, Corruption Take Toll Sep 8, 2009
The Madison, New Jersey, centers Sept. 1 survey found 29 percent of Democrats had an unfavorable view of Corzine, while 12 percent of Republicans had an adverse opinion of Christie. The margin of error was 4 percentage points. (Bloomberg -- US)
United's parent switches accounting firms Jul 29, 2009
The airline company also said Deloitte's reports on UAL's and United's consolidated financial statements for each of the years ended Dec. 31, 2008 and 2007 did not contain an adverse opinion or disclaimer of opinion. In a message to employees, UAL said it had "no accounting disagreements with Deloitte" and intended to maintain a positive relationship with the firm should future work be needed. (Crain's Chicago Business)
Emphasis of matter paragraphs in company accounts May 6, 2009
Auditors may conclude that it is necessary to qualify their opinion, disclaim an opinion, issue an adverse opinion or modify their report by including an emphasis of matter paragraph. If the auditors conclude that the disclosures are not adequate to meet accounting standards requirements, including the need for financial statements to give a true and fair view, they are required to qualify their opinion, and provide an explanation. (Accounting Web, UK)
New Hartford mostly cuts ties with consultant Mar 3, 2009
The adverse opinion offered in those statements would have had a negative effect on the town s credit rating, Basile said in the e-mail ... Much of the work that has been performed by our firm should enable the town to eliminate the adverse opinion on the financial statements as previously mentioned above, Basile said in the e-mail. (Utica NY Obserer, NY)
