Former director demands probe: How in the world did $2M get lost? Sep 25, 2008
A confidential and credible source told The Trentonian that the library is in grave danger of receiving an adverse opinion for that 2005 audit - a finding that could topple the library system, force consolidation and render the agency financially helpless. "Such an opinion would cause problems, but our records are fine," Nathan Linowitz said. (The Trentonian, NJ)
Overcome your audit problems. By Steve Collings Sep 19, 2008
An adverse opinion should be given when the financial statements do not give a true and fair view. These circumstances are fairly rare. (Accounting Web, UK)
Medical Properties Trust switches accountants Sep 13, 2008
Medical Properties said in a filing with the Securities and Exchange Commission that its separation from KPMG was not done with adverse opinion or disagreement. Medical Properties said there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure. (Birmingham Business Journal, AL)
Audit starts on Iberia Parish Sheriff's Office Aug 21, 2008
An adverse opinion could indicate problems with the financial accounting of the sheriff s office that might or might not be considered improper or criminal. A disclaimer means a true picture of the sheriff s office financial position cannot be determined from the financial records given. (New Iberia, LA)
DCT hires Ernst & Young Aug 13, 2008
The audit reports of KPMG ; did not contain an adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principals, DCT s SEC filing said. DCT added that, in the time KPMG was its accounting firm, there were no disagreements with the accounting firm regarding accounting principals or practices, financial statement disclosure or auditing procedures. (Denver Business Journal, CO)
China Runji Cement Inc. Appoints New Independent Auditor Jun 11, 2008
The reports of Kempisty & Company on the audited financial statements for the past two fiscal years contained no adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles. We are pleased to welcome Malone & Bailey, PC as our new independent auditor,'' commented Mr. Shouren Zhao, the chairman and CEO of Runji Cement. (Primezone Releases)
OERC rejects discoms plea for hike Mar 25, 2008
OERC s decision that was released to the media on Monday was taken after consideration of loads of public objections and adverse opinion of State Advisory Committee (SAC) against the proposal. Considering the proposal of distribution companies, public objections, opinion of SAC and interest of the general public, the commission has decided not to increase electricity tariff in the financial year 2008-09, an OERC statement said here. (Hindu)
Nylex slumps after privateer withdraws Jan 29, 2008
At the time, Nylex said it was the board's intention to unanimously recommend the offer to shareholders in the absence of a superior proposal or adverse opinion from an independent expert. AAP. (Sydney Morning Herald -- Business)
Nylex gives predator more time for info Jan 15, 2008
At the time, Nylex said it was the board's current intention to unanimously recommend the offer to security holders in the absence of a superior proposal or adverse opinion from an independent expert. Nylex shares were steady at $2. (Sydney Morning Herald -- Business)
Mueller Water Products fires accountant Dec 28, 2007
Mueller, in a public filing, said PwC's reports on its financial statements for the years ended September 30, 2006 and 2007 "did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.". During the fiscal years ended September 30, 2006 and 2007, and through December 20, 2007, it said, there were: no disagreements with PwC "on any matters of accounting principles or practices, financial statement... (Atlanta Business Chronicle, GA)
Environmental Tectonics Corporation Announces Resignation of Auditor Dec 5, 2007
Grant's reports, as previously issued, on the Company's financial statements for the fiscal years ended February 23, 2007 and February 24, 2006 did not contain an adverse opinion or a disclaimer of opinion, nor were such reports qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended February 23, 2007 and February 24, 2006 and the subsequent interim periods up through the date of Grant's resignation (November 28, 2007), there were no... (PR Newswire)
James Hardie denies playing dirty tricks Nov 28, 2007
"The allegation made in the article is wrong and appears to be designed solely to incite anger and adverse opinion against James Hardie," the statement said. "James Hardie understands that a doctor's report commenting on Mr Banton's X-ray history was prepared in 2000. This report was not tabled (during the first compensation claim) in 2000 because Mr Banton's medical condition was not in question. "In 2007, the report was tabled, but as part of a comprehensive tabling of all materials designed... (Sydney Morning Herald -- Australia)
Saltillo inquiry cites 18 findings Oct 2, 2007
SALTILLO - This city's audit for 2004-2005 could have been worse; it could have received an adverse opinion. But during a special Monday night meeting of the Saltillo Board of Aldermen, accountants from Franks, Franks ll said problems in this audit stemmed from inadequate record keeping related to assets, court fines and insufficient material to support payroll records and other checks; state retirement overpayments and the ultimate outcome of the pending investigation by the state auditor. (Northeast Mississippi Daily Journal)
Joe Klein: Why Drudge is a Disgrace... Sep 19, 2007
He hates it when he reads an adverse opinion about his godess, Hillary. So he strikes out at Drudge who quoted Hillary accurately when she yearned for the day when you have to show proof of health insurance to get a job interview. (The Drudge Report)
More of this story Sep 17, 2007
The way Pine Bluff handles its money is risky and could lead to mistakes or theft, according to the adverse opinion of an audit released this week by the state Division of Legislative Audit ... The audits said contributing factors to the adverse opinions are the city s use of minimal accounting standards and a poor internal checks and balance system. (Pine Bluff Commercial, AR)
State Auditors Find Fault With Polk Schools May 16, 2007
Published Tuesday, May 15, 2007. Report gives lack of inventory controls most serious rating. (The Ledger)
