Wednesday, August 1, 2012

Wachusett subcommittee proposing a forensic audit

A motion  for a forensic audit from Juli Kelley at the Business Finance subcommittee of Wachusett Regional passed earlier this week. This is in response, of course, to the news last month that several years of projections were off, with this past year's running more than a million dollars under.
Since the term "forensic audit" brings to mind some sort of CSI: Finance Office with a bunch of guys in suits running around with spreadsheets and adding machines*, I did some checking into definitions. A forensic audit goes back through the books and the finance history with an eye to legal culpability and legal recourse.



*Yes, those are still around.

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