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Full Fed Audit will have House floor vote
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georgia_tech_swagger Offline
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Post: #21
RE: Full Fed Audit will have House floor vote
(05-26-2012 05:06 PM)Native Georgian Wrote:  I would support a full, top-to-bottom audit of the Pentagon and the CIA just like the Fed and all the "domestic" agencies.


+1
05-26-2012 07:10 PM
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THE NC Herd Fan Offline
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Post: #22
RE: Full Fed Audit will have House floor vote
For the record, a GAO audit would be like asking the rat to guard the cheese. This has to be an independent audit, perhaps the EU equivalent of a Big 4 accounting firm.
05-26-2012 07:30 PM
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UM2001GRAD Offline
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Post: #23
RE: Full Fed Audit will have House floor vote
(05-26-2012 07:30 PM)THE NC Herd Fan Wrote:  For the record, a GAO audit would be like asking the rat to guard the cheese. This has to be an independent audit, perhaps the EU equivalent of a Big 4 accounting firm.

What exactly is "the EU equivalent of a Big 4 accounting firm"?
05-26-2012 08:03 PM
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Ninerfan1 Offline
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Post: #24
RE: Full Fed Audit will have House floor vote
(05-26-2012 04:59 PM)TampaKnight Wrote:  
(05-26-2012 03:21 PM)RobertN Wrote:  
(05-26-2012 02:58 PM)Ninerfan1 Wrote:  
(05-26-2012 01:26 PM)RobertN Wrote:  No way in HELL would the righties do that. It would mean that the Pentagon would be audited.

More of your stupidity.

Conservatives have no problem with the Pentagon, and every other federal agency being audited.
Liar.

When their quasi-business interests overlap military expenditures, you can bet your sweet bottom that (neo)conservatives will be fully against auditing key intelligence and military agencies.

Not necessarily a direct falsehood, but it is, in part, a lie.

No, it's not a lie. True conservatives have no issue with government accountability. Auditing the Pentagon should happen, just like every other federal agency.
05-26-2012 08:03 PM
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UM2001GRAD Offline
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Post: #25
RE: Full Fed Audit will have House floor vote
(05-26-2012 08:22 AM)Owl 69/70/75 Wrote:  I personally think all major federal agencies should have full annual independent audits, just like publicly traded corporations. They should be held to some standard equivalent to Sarbanes-Oxley. Why should we trust a federal bureaucrat more than a corporate executive?

You mean federal agencies should have to produce some sort of financial statements that are then audited for compliance with all applicable laws and regulations?
05-26-2012 08:13 PM
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THE NC Herd Fan Offline
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Post: #26
RE: Full Fed Audit will have House floor vote
(05-26-2012 08:03 PM)UM2001GRAD Wrote:  
(05-26-2012 07:30 PM)THE NC Herd Fan Wrote:  For the record, a GAO audit would be like asking the rat to guard the cheese. This has to be an independent audit, perhaps the EU equivalent of a Big 4 accounting firm.

What exactly is "the EU equivalent of a Big 4 accounting firm"?

Not sure what large EU acounting firms are out there, but GAO is not independent, the Big 4 US firms do too much business with the US government to be independent, an Independent Audit is critical for credibility.
05-26-2012 09:02 PM
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UM2001GRAD Offline
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Post: #27
RE: Full Fed Audit will have House floor vote
(05-26-2012 09:02 PM)THE NC Herd Fan Wrote:  
(05-26-2012 08:03 PM)UM2001GRAD Wrote:  
(05-26-2012 07:30 PM)THE NC Herd Fan Wrote:  For the record, a GAO audit would be like asking the rat to guard the cheese. This has to be an independent audit, perhaps the EU equivalent of a Big 4 accounting firm.

What exactly is "the EU equivalent of a Big 4 accounting firm"?

Not sure what large EU acounting firms are out there, but GAO is not independent, the Big 4 US firms do too much business with the US government to be independent, an Independent Audit is critical for credibility.

Large accounting firms in Europe? PWC, Deloitte, KPMG, and E&Y. How about large accounting firms in Asia? PWC, Deloitte, KPMG, and E&Y. South America? Australia? Africa? The same four. The point is that the Big 4 are international firms. They aren't called the Big 4 because they are the largest in the US; they are called the Big 4 because they are the largest in the world and they operate all around the globe. That being said, the GAO is still a far better auditor for federal agencies than any of the big 4 due to the specialized nature of governmental accounting.
05-26-2012 09:15 PM
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UCF08 Offline
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Post: #28
RE: Full Fed Audit will have House floor vote
I know a Mort Steinberg who does amazing work on my taxes, maybe we could give him a call?
05-26-2012 09:35 PM
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SumOfAllFears Offline
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Post: #29
RE: Full Fed Audit will have House floor vote
(05-26-2012 09:35 PM)UCF08 Wrote:  I know a Mort Steinberg who does amazing work on my taxes, maybe we could give him a call?

Sounds Jewish. If he knew of your Arab harbingering, he'd drop you like a rock.
(This post was last modified: 05-26-2012 11:28 PM by SumOfAllFears.)
05-26-2012 11:23 PM
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THE NC Herd Fan Offline
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Post: #30
RE: Full Fed Audit will have House floor vote
(05-26-2012 09:15 PM)UM2001GRAD Wrote:  
(05-26-2012 09:02 PM)THE NC Herd Fan Wrote:  
(05-26-2012 08:03 PM)UM2001GRAD Wrote:  
(05-26-2012 07:30 PM)THE NC Herd Fan Wrote:  For the record, a GAO audit would be like asking the rat to guard the cheese. This has to be an independent audit, perhaps the EU equivalent of a Big 4 accounting firm.

What exactly is "the EU equivalent of a Big 4 accounting firm"?

Not sure what large EU acounting firms are out there, but GAO is not independent, the Big 4 US firms do too much business with the US government to be independent, an Independent Audit is critical for credibility.

Large accounting firms in Europe? PWC, Deloitte, KPMG, and E&Y. How about large accounting firms in Asia? PWC, Deloitte, KPMG, and E&Y. South America? Australia? Africa? The same four. The point is that the Big 4 are international firms. They aren't called the Big 4 because they are the largest in the US; they are called the Big 4 because they are the largest in the world and they operate all around the globe. That being said, the GAO is still a far better auditor for federal agencies than any of the big 4 due to the specialized nature of governmental accounting.

Okay so maybe stay away from the Big 4 who have show the ability to mess up big audits. Go with the smaller ones Grant Thorton, BDO, Baker Tilley, but MCI, Enron, Pharmor, etc. have show weakness in the Big 4 ability to stay independent.
05-27-2012 06:49 AM
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UCF08 Offline
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Post: #31
RE: Full Fed Audit will have House floor vote
(05-26-2012 11:23 PM)SumOfAllFears Wrote:  
(05-26-2012 09:35 PM)UCF08 Wrote:  I know a Mort Steinberg who does amazing work on my taxes, maybe we could give him a call?

Sounds Jewish. If he knew of your Arab harbingering, he'd drop you like a rock.

FACT: No arabs are jewish.
05-27-2012 08:54 AM
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UM2001GRAD Offline
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Post: #32
RE: Full Fed Audit will have House floor vote
(05-27-2012 06:49 AM)THE NC Herd Fan Wrote:  
(05-26-2012 09:15 PM)UM2001GRAD Wrote:  
(05-26-2012 09:02 PM)THE NC Herd Fan Wrote:  
(05-26-2012 08:03 PM)UM2001GRAD Wrote:  
(05-26-2012 07:30 PM)THE NC Herd Fan Wrote:  For the record, a GAO audit would be like asking the rat to guard the cheese. This has to be an independent audit, perhaps the EU equivalent of a Big 4 accounting firm.

What exactly is "the EU equivalent of a Big 4 accounting firm"?

Not sure what large EU acounting firms are out there, but GAO is not independent, the Big 4 US firms do too much business with the US government to be independent, an Independent Audit is critical for credibility.

Large accounting firms in Europe? PWC, Deloitte, KPMG, and E&Y. How about large accounting firms in Asia? PWC, Deloitte, KPMG, and E&Y. South America? Australia? Africa? The same four. The point is that the Big 4 are international firms. They aren't called the Big 4 because they are the largest in the US; they are called the Big 4 because they are the largest in the world and they operate all around the globe. That being said, the GAO is still a far better auditor for federal agencies than any of the big 4 due to the specialized nature of governmental accounting.

Okay so maybe stay away from the Big 4 who have show the ability to mess up big audits. Go with the smaller ones Grant Thorton, BDO, Baker Tilley, but MCI, Enron, Pharmor, etc. have show weakness in the Big 4 ability to stay independent.

So you think Grant Thornton or BDO have the ability to audit the Pentagon or the Fed? And that they could do it better than a Big 4? And that a Big 4 could do it better than the GAO? Just stop. Really. Seriously. Stop.

The fact that you didn't know the Big 4 are a global Big 4 should have been your first clue that you are completely ignorant of how the audit and assurance industry operates, but somehow you didn't let that stop you. Now you're busy showing all the different aspects of your ignorance. So again, just stop.
05-27-2012 09:22 AM
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THE NC Herd Fan Offline
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Post: #33
RE: Full Fed Audit will have House floor vote
(05-27-2012 09:22 AM)UM2001GRAD Wrote:  
(05-27-2012 06:49 AM)THE NC Herd Fan Wrote:  
(05-26-2012 09:15 PM)UM2001GRAD Wrote:  
(05-26-2012 09:02 PM)THE NC Herd Fan Wrote:  
(05-26-2012 08:03 PM)UM2001GRAD Wrote:  What exactly is "the EU equivalent of a Big 4 accounting firm"?

Not sure what large EU acounting firms are out there, but GAO is not independent, the Big 4 US firms do too much business with the US government to be independent, an Independent Audit is critical for credibility.

Large accounting firms in Europe? PWC, Deloitte, KPMG, and E&Y. How about large accounting firms in Asia? PWC, Deloitte, KPMG, and E&Y. South America? Australia? Africa? The same four. The point is that the Big 4 are international firms. They aren't called the Big 4 because they are the largest in the US; they are called the Big 4 because they are the largest in the world and they operate all around the globe. That being said, the GAO is still a far better auditor for federal agencies than any of the big 4 due to the specialized nature of governmental accounting.

Okay so maybe stay away from the Big 4 who have show the ability to mess up big audits. Go with the smaller ones Grant Thorton, BDO, Baker Tilley, but MCI, Enron, Pharmor, etc. have show weakness in the Big 4 ability to stay independent.

So you think Grant Thornton or BDO have the ability to audit the Pentagon or the Fed? And that they could do it better than a Big 4? And that a Big 4 could do it better than the GAO? Just stop. Really. Seriously. Stop.

The fact that you didn't know the Big 4 are a global Big 4 should have been your first clue that you are completely ignorant of how the audit and assurance industry operates, but somehow you didn't let that stop you. Now you're busy showing all the different aspects of your ignorance. So again, just stop.

The Big 4 is just a larger collection of accountants, with a track record of NOT doing a good job on audits. If you want low quality go Big 4 and get Pharmor, Enron, MCI results. GAO cannot have independence because they are part of the problem... government.
05-27-2012 12:52 PM
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UM2001GRAD Offline
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Post: #34
RE: Full Fed Audit will have House floor vote
(05-27-2012 12:52 PM)THE NC Herd Fan Wrote:  
(05-27-2012 09:22 AM)UM2001GRAD Wrote:  
(05-27-2012 06:49 AM)THE NC Herd Fan Wrote:  
(05-26-2012 09:15 PM)UM2001GRAD Wrote:  
(05-26-2012 09:02 PM)THE NC Herd Fan Wrote:  Not sure what large EU acounting firms are out there, but GAO is not independent, the Big 4 US firms do too much business with the US government to be independent, an Independent Audit is critical for credibility.

Large accounting firms in Europe? PWC, Deloitte, KPMG, and E&Y. How about large accounting firms in Asia? PWC, Deloitte, KPMG, and E&Y. South America? Australia? Africa? The same four. The point is that the Big 4 are international firms. They aren't called the Big 4 because they are the largest in the US; they are called the Big 4 because they are the largest in the world and they operate all around the globe. That being said, the GAO is still a far better auditor for federal agencies than any of the big 4 due to the specialized nature of governmental accounting.

Okay so maybe stay away from the Big 4 who have show the ability to mess up big audits. Go with the smaller ones Grant Thorton, BDO, Baker Tilley, but MCI, Enron, Pharmor, etc. have show weakness in the Big 4 ability to stay independent.

So you think Grant Thornton or BDO have the ability to audit the Pentagon or the Fed? And that they could do it better than a Big 4? And that a Big 4 could do it better than the GAO? Just stop. Really. Seriously. Stop.

The fact that you didn't know the Big 4 are a global Big 4 should have been your first clue that you are completely ignorant of how the audit and assurance industry operates, but somehow you didn't let that stop you. Now you're busy showing all the different aspects of your ignorance. So again, just stop.

The Big 4 is just a larger collection of accountants, with a track record of NOT doing a good job on audits. If you want low quality go Big 4 and get Pharmor, Enron, MCI results. GAO cannot have independence because they are part of the problem... government.

Complete idiocy. If big 4 audits are "low quality", then why don't financial markets demand different auditors? Please elaborate on your stupidity. While you're at it, address my point that the specialized nature of governemntal entities makes the GAO best suited to audit them. I await your moronic reply.
05-27-2012 01:52 PM
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THE NC Herd Fan Offline
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Post: #35
RE: Full Fed Audit will have House floor vote
(05-27-2012 01:52 PM)UM2001GRAD Wrote:  
(05-27-2012 12:52 PM)THE NC Herd Fan Wrote:  
(05-27-2012 09:22 AM)UM2001GRAD Wrote:  
(05-27-2012 06:49 AM)THE NC Herd Fan Wrote:  
(05-26-2012 09:15 PM)UM2001GRAD Wrote:  Large accounting firms in Europe? PWC, Deloitte, KPMG, and E&Y. How about large accounting firms in Asia? PWC, Deloitte, KPMG, and E&Y. South America? Australia? Africa? The same four. The point is that the Big 4 are international firms. They aren't called the Big 4 because they are the largest in the US; they are called the Big 4 because they are the largest in the world and they operate all around the globe. That being said, the GAO is still a far better auditor for federal agencies than any of the big 4 due to the specialized nature of governmental accounting.

Okay so maybe stay away from the Big 4 who have show the ability to mess up big audits. Go with the smaller ones Grant Thorton, BDO, Baker Tilley, but MCI, Enron, Pharmor, etc. have show weakness in the Big 4 ability to stay independent.

So you think Grant Thornton or BDO have the ability to audit the Pentagon or the Fed? And that they could do it better than a Big 4? And that a Big 4 could do it better than the GAO? Just stop. Really. Seriously. Stop.

The fact that you didn't know the Big 4 are a global Big 4 should have been your first clue that you are completely ignorant of how the audit and assurance industry operates, but somehow you didn't let that stop you. Now you're busy showing all the different aspects of your ignorance. So again, just stop.

The Big 4 is just a larger collection of accountants, with a track record of NOT doing a good job on audits. If you want low quality go Big 4 and get Pharmor, Enron, MCI results. GAO cannot have independence because they are part of the problem... government.

Complete idiocy. If big 4 audits are "low quality", then why don't financial markets demand different auditors? Please elaborate on your stupidity. While you're at it, address my point that the specialized nature of governemntal entities makes the GAO best suited to audit them. I await your moronic reply.

I guess I should bow to the man with the mail order degree who is expert on EVERYTHING. Is there anything you do NOT know everything about.

Quote:Mission is to support the Congress in meeting its constitutional responsibilities and to help improve the performance and ensure the accountability of the federal government for the benefit of the American people. We provide Congress with timely information that is objective, fact-based, nonpartisan, nonideological, fair, and balanced.

It kinda sorta looks like the GAO already audits various gubment agencies. They have never really uncovered that much, an occasional $500 toilet seat bought by the US Army, a $1,200 hammer bought by NASA so I guess no audit is needed.
(This post was last modified: 05-27-2012 02:59 PM by THE NC Herd Fan.)
05-27-2012 02:26 PM
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RobertN Offline
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Post: #36
RE: Full Fed Audit will have House floor vote
(05-27-2012 02:26 PM)THE NC Herd Fan Wrote:  
(05-27-2012 01:52 PM)UM2001GRAD Wrote:  
(05-27-2012 12:52 PM)THE NC Herd Fan Wrote:  
(05-27-2012 09:22 AM)UM2001GRAD Wrote:  
(05-27-2012 06:49 AM)THE NC Herd Fan Wrote:  Okay so maybe stay away from the Big 4 who have show the ability to mess up big audits. Go with the smaller ones Grant Thorton, BDO, Baker Tilley, but MCI, Enron, Pharmor, etc. have show weakness in the Big 4 ability to stay independent.

So you think Grant Thornton or BDO have the ability to audit the Pentagon or the Fed? And that they could do it better than a Big 4? And that a Big 4 could do it better than the GAO? Just stop. Really. Seriously. Stop.

The fact that you didn't know the Big 4 are a global Big 4 should have been your first clue that you are completely ignorant of how the audit and assurance industry operates, but somehow you didn't let that stop you. Now you're busy showing all the different aspects of your ignorance. So again, just stop.

The Big 4 is just a larger collection of accountants, with a track record of NOT doing a good job on audits. If you want low quality go Big 4 and get Pharmor, Enron, MCI results. GAO cannot have independence because they are part of the problem... government.

Complete idiocy. If big 4 audits are "low quality", then why don't financial markets demand different auditors? Please elaborate on your stupidity. While you're at it, address my point that the specialized nature of governemntal entities makes the GAO best suited to audit them. I await your moronic reply.

I guess I should bow to the man with the mail order degree who is expert on EVERYTHING. Is there anything you do NOT know everything about.

Quote:Mission is to support the Congress in meeting its constitutional responsibilities and to help improve the performance and ensure the accountability of the federal government for the benefit of the American people. We provide Congress with timely information that is objective, fact-based, nonpartisan, nonideological, fair, and balanced.

It kinda sorta looks like the GAO already audits various gubment agencies. The have never really uncovered that much, an occasional $500 toilet seat bought by the US Army, a $1,200 hammer bought by NASA so I guess no audit is needed.
Wow. Talk about confused. Are you sure you aren't confusing UM2001Grad with Owl 69?
(This post was last modified: 05-27-2012 02:48 PM by RobertN.)
05-27-2012 02:48 PM
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