Post by Logan on Feb 23, 2017 1:50:19 GMT -6
'This just couldn't be detected.' Fired Berkeley County schools auditor stands by clean report
The auditor fired by the Berkeley County School District defended the clean annual report he gave the district just a month before officials learned about a federal probe into almost $400,000 in missing money.
The board voted Feb. 14 to cut ties with Greene, Finney & Horton, which presented its audit report Jan. 10. The review did not examine every transaction but instead relied on an often-used practice of sampling, accountant Larry Finney said at the time. The firm's clients include about 20 schools districts, 20 cities and a handful of counties.
“We stand by everything we’ve done, and we believe we did a great audit,” Finney, a partner in the Greenville-based firm, which has not been part of the investigation, told The Post and Courier on Monday. “This just couldn’t be detected.”
Berkeley Chief Financial Officer Brantley Thomas, who had worked for the district since 1993, was fired Feb. 7 after officials learned that Wells Fargo banking and the FBI were investigating missing funds. Thomas, 60, oversaw all of the district’s accounts, including its nearly $260 million general fund.
Read more: www.postandcourier.com/news/this-just-couldn-t-be-detected-fired-berkeley-county-schools/article_234bb880-f7a0-11e6-bfee-a371ff1e35ee.html
The auditor fired by the Berkeley County School District defended the clean annual report he gave the district just a month before officials learned about a federal probe into almost $400,000 in missing money.
The board voted Feb. 14 to cut ties with Greene, Finney & Horton, which presented its audit report Jan. 10. The review did not examine every transaction but instead relied on an often-used practice of sampling, accountant Larry Finney said at the time. The firm's clients include about 20 schools districts, 20 cities and a handful of counties.
“We stand by everything we’ve done, and we believe we did a great audit,” Finney, a partner in the Greenville-based firm, which has not been part of the investigation, told The Post and Courier on Monday. “This just couldn’t be detected.”
Berkeley Chief Financial Officer Brantley Thomas, who had worked for the district since 1993, was fired Feb. 7 after officials learned that Wells Fargo banking and the FBI were investigating missing funds. Thomas, 60, oversaw all of the district’s accounts, including its nearly $260 million general fund.
Read more: www.postandcourier.com/news/this-just-couldn-t-be-detected-fired-berkeley-county-schools/article_234bb880-f7a0-11e6-bfee-a371ff1e35ee.html