[amsat-bb] Another call for forensic accounting and an inventory
Greg
almetco at comcast.net
Tue Aug 11 09:56:11 UTC 2020
First of all, if money was spent unwisely, that is still not a reason for a forensic audit. If it was against bylaws and they have the proof, your issue isn’t getting a forensic accountant, its determining what your actions should be under those bylaws. Unless the money was “coded” to an area that makes the transaction invisible, then that may be different. For example, legal fees were capitalized into satellite costs. Even still, when the auditor released the audited financial statements, during his field work, his test are not to detect fraud but proper classification of such items. He can use various tests from looking at transactions that might have an attorneys name shown as a satellite cost etc using various sampling techniques. His audit attests that the statements are a true financial accounting picture of the organization. However financial audits, those that attest financial statements, are not conducted to catch fraud though they do many times.
So, forensic accounting cost is a waste of money unless you suspect fraud. If the two directors suspect fraud, show the evidence and that will take the cloud of suspicion away. Then do a forensic fraud to account for losses. Other wise, burn the money.
ex-CPA
Greg
N3MVF
On Aug 11, 2020, at 12:41 AM, Jeff Johns via AMSAT-BB <amsat-bb at amsat.org> wrote:
I am aware of what the costs would be but wouldn’t it be better to bite the bullet and remove the cloud from AMSAT? I feel that by not doing so it could be more costly by losing more member and donor dollars.
Based on reports from two BoDs, tens of thousands of dollars were spent unwisely and against bylaws. It’s time to spend some money wisely in an open and transparent fashion.
IMHO, it would be best to go ahead and make the cloud go away. I’ve asked those running against me to speak-up and join me in this call but I have heard nothing from them. I have, however, received many emails from regular members that agree with me so I’m not the only one that wants this to happen.
For this to happen, it would require the Board to meet (which they don’t currently do on a regular basis) and for a motion to be made and passed. There’s definitely smoke that many members see and smoke only comes from fires. Let’s put out this fire, once and for all, and move forward. By not putting out the fire the FUD will remain and that will cost AMSAT money in the form of lost members and donations.
Jeff WE4B
http://we4bravo.com
> On Aug 10, 2020, at 10:26 PM, Greg via AMSAT-BB <amsat-bb at amsat.org> wrote:
>
> As an ex-CPA I ask, has anyone realized what the cost of such an audit would be? I can tell you that unless you have a reasonable suspicion and probability, not possibility, of fraudulent activities, you will just burn many thousands that could be used on satellites.
>
> Greg
> N3MVF
>
> On Aug 10, 2020, at 9:25 PM, Joe Leikhim via AMSAT-BB <amsat-bb at amsat.org> wrote:
>
> That is sort of what has happened to the NRA!
>
> I doubt we have any "grifters" in AMSAT. To be safe, look out for any Jaguar owners as Jeremy Clarkson of Top Gear points out.
>
> That said the P&L statement should be reviewed.
>
> Locally, our ex mayor decided to buy a failing golf course with our stormwater funds to save it from development. An action clearly benefiting only one neighborhood. Depending on who you talk to on a given day, it is either making or losing money. This is a case where the P&L needs to be made public.
>
> "Yes. I see the “plot” clearly now. A few grifters decided the best way to get “rich" was to join a ham radio organization. They would lay low for 10-30 years so as not to arouse suspicion. They would volunteer their time and efforts for decades to provide an smokescreen so other members wouldn’t suspect that they would one day steal money and inventory from the coffers and then refuse to provide a detailed accounting when requested…
>
>
> Jeff, KE9V"
>
> --
> Joe Leikhim
>
>
> Leikhim and Associates
>
> Communications Consultants
>
> Oviedo, Florida
>
> JLeikhim at Leikhim.com
>
> 407-982-0446
>
> WWW.LEIKHIM.COM
>
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> _______________________________________________
> Sent via AMSAT-BB at amsat.org. AMSAT-NA makes this open forum available
> to all interested persons worldwide without requiring membership. Opinions expressed
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> Not an AMSAT-NA member? Join now to support the amateur satellite program!
> Subscription settings: https://www.amsat.org/mailman/listinfo/amsat-bb
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Sent via AMSAT-BB at amsat.org. AMSAT-NA makes this open forum available
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