In your face, Doogles!

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Auditors don't track kickbacks from vendors. They don't go out to the vendor's books and trace where the money goes from there. All they are testing is whether an invoice was properly authorized and paid.
Let alone if there's collusion between management in the organization to circumvent internal controls which could do things like create phony vendors and issue payments to them.
State agencies have their own auditors. Nuff said on that. Independence is already impaired.
@Bob_C -what say ye on this 'we've been audited' nonsense?
 
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The rail twitter account has a different story from almost any source and pops up when the audit is coming
seems odd
 
What a rich response. "Everything is fine, it's all totally legit, trust us!"
 
LA wants to extend light rail thru Beverley Hills and are willing to spend billions to go under it
Lawsuits filed in masse by the rich leftists who want the little people on trains. No go
If you have driven the 5 between Bakersfield and Tracey you know it's the flattest most desolate part of the route which is why they are there
Connecting South to LA and north to San Francisco will gather more lawsuits than you can count. And another 100 billions if it ever goes
Shut it down
 
RaceBannon said:
LA wants to extend light rail thru Beverley Hills and are willing to spend billions to go under it
Lawsuits filed in masse by the rich leftists who want the little people on trains. No go
If you have driven the 5 between Bakersfield and Tracey you know it's the flattest most desolate part of the route which is why they are there
Connecting South to LA and north to San Francisco will gather more lawsuits than you can count. And another 100 billions if it ever goes
Shut it down
Click to expand...
Exactly, let's put aside the fact it will hardly be used, and just marinate on the flattest, least populated area is running over a decade behind and 100 billion beyond expected cost.
This will cost probably 800 billion dollars if it's ever completed and will take at least another 30 years.
Cut losses and move on.
 
Doogles said:
RaceBannon said:
LA wants to extend light rail thru Beverley Hills and are willing to spend billions to go under it
Lawsuits filed in masse by the rich leftists who want the little people on trains. No go
If you have driven the 5 between Bakersfield and Tracey you know it's the flattest most desolate part of the route which is why they are there
Connecting South to LA and north to San Francisco will gather more lawsuits than you can count. And another 100 billions if it ever goes
Shut it down
Click to expand...
Exactly, let's put aside the fact it will hardly be used, and just marinate on the flattest, least populated area is running over a decade behind and 100 billion beyond expected cost.
This will cost probably 800 billion dollars if it's ever completed and will take at least another 30 years.
Cut losses and move on.
Click to expand...
Toss in no commitment from the dems to ensure citizen safety on the trains. From refusal to show the arrest photo of any perps who actually do get arrested to failure to incarcerate criminals, particularly the multi-offenders.
 
PurpleThrobber said:
Auditors don't track kickbacks from vendors. They don't go out to the vendor's books and trace where the money goes from there. All they are testing is whether an invoice was properly authorized and paid.
Let alone if there's collusion between management in the organization to circumvent internal controls which could do things like create phony vendors and issue payments to them.
State agencies have their own auditors. Nuff said on that. Independence is already impaired.
@Bob_C -what say ye on this 'we've been audited' nonsense?
Click to expand...
An auditors interactions with a vendor would be to match ap and ar, verify contracts and check assets that are listed at a vendor site. You have the c suite sign in blood that there is no kickbacks or off the books agreements with anyone including vendors and customers. I remember one time where the day after the blood signature that there was no shadiness, I went on site to a vendor escorted by the controller to check some client manufacturing equipment that was listed on the books. As I walking through the parking lot I see the client CEO on his laptop on the deck of a boat in the parking lot. The vendor was letting him store it there for free apparently as a friendly gesture. That would be a kickback. That shit goes into the report, but to uncover something like that is usually beyond an auditors reach. No way to tell if that arrangement was factored into a rate or something.
 
I had a long term relationship with a purchasing agent at a university. Did a shit ton of business
We had a running joke. I'd show up and she'd say where's my coffee
I'd say in your break room I assume
 
Bob_C said:
PurpleThrobber said:
Auditors don't track kickbacks from vendors. They don't go out to the vendor's books and trace where the money goes from there. All they are testing is whether an invoice was properly authorized and paid.
Let alone if there's collusion between management in the organization to circumvent internal controls which could do things like create phony vendors and issue payments to them.
State agencies have their own auditors. Nuff said on that. Independence is already impaired.
@Bob_C -what say ye on this 'we've been audited' nonsense?
Click to expand...
An auditors interactions with a vendor would be to match ap and ar, verify contracts and check assets that are listed at a vendor site. You have the c suite sign in blood that there is no kickbacks or off the books agreements with anyone including vendors and customers. I remember one time where the day after the blood signature that there was no shadiness, I went on site to a vendor escorted by the controller to check some client manufacturing equipment that was listed on the books. As I walking through the parking lot I see the client CEO on his laptop on the deck of a boat in the parking lot. The vendor was letting him store it there for free apparently as a friendly gesture. That would be a kickback. That shit goes into the report, but to uncover something like that is usually beyond an auditors reach. No way to tell if that arrangement was factored into a rate or something.
Click to expand...
I know that the publicly traded private sector is subject to very strict Sarbanes-Oxley internal control audits and some government contractors. I don't believe that government entities are subject to SOX. DOGE has revealed a massive lack of internal controls at almost everything they have looked at.
 
Bob_C said:
PurpleThrobber said:
Auditors don't track kickbacks from vendors. They don't go out to the vendor's books and trace where the money goes from there. All they are testing is whether an invoice was properly authorized and paid.
Let alone if there's collusion between management in the organization to circumvent internal controls which could do things like create phony vendors and issue payments to them.
State agencies have their own auditors. Nuff said on that. Independence is already impaired.
@Bob_C -what say ye on this 'we've been audited' nonsense?
Click to expand...
An auditors interactions with a vendor would be to match ap and ar, verify contracts and check assets that are listed at a vendor site. You have the c suite sign in blood that there is no kickbacks or off the books agreements with anyone including vendors and customers. I remember one time where the day after the blood signature that there was no shadiness, I went on site to a vendor escorted by the controller to check some client manufacturing equipment that was listed on the books. As I walking through the parking lot I see the client CEO on his laptop on the deck of a boat in the parking lot. The vendor was letting him store it there for free apparently as a friendly gesture. That would be a kickback. That shit goes into the report, but to uncover something like that is usually beyond an auditors reach. No way to tell if that arrangement was factored into a rate or something.
Click to expand...
My best friends dad growing up did California government construction contracts. The whole thing was as corrupt as the Sopranos but with even less accountability. After all, at least in NY/NJ the bridges and trains eventually get built.
Dude did have waterfront property and a boat that I got to enjoy at least.
 
WestlinnDuck said:
Bob_C said:
PurpleThrobber said:
Auditors don't track kickbacks from vendors. They don't go out to the vendor's books and trace where the money goes from there. All they are testing is whether an invoice was properly authorized and paid.
Let alone if there's collusion between management in the organization to circumvent internal controls which could do things like create phony vendors and issue payments to them.
State agencies have their own auditors. Nuff said on that. Independence is already impaired.
@Bob_C -what say ye on this 'we've been audited' nonsense?
Click to expand...
An auditors interactions with a vendor would be to match ap and ar, verify contracts and check assets that are listed at a vendor site. You have the c suite sign in blood that there is no kickbacks or off the books agreements with anyone including vendors and customers. I remember one time where the day after the blood signature that there was no shadiness, I went on site to a vendor escorted by the controller to check some client manufacturing equipment that was listed on the books. As I walking through the parking lot I see the client CEO on his laptop on the deck of a boat in the parking lot. The vendor was letting him store it there for free apparently as a friendly gesture. That would be a kickback. That shit goes into the report, but to uncover something like that is usually beyond an auditors reach. No way to tell if that arrangement was factored into a rate or something.
Click to expand...
I know that the publicly traded private sector is subject to very strict Sarbanes-Oxley internal control audits and some government contractors. I don't believe that government entities are subject to SOX. DOGE has revealed a massive lack of internal controls at almost everything they have looked at.
Click to expand...
SOX won't matter if there is collusion and intent to override controls by management.
Had one where the CEO was sleeping with the CFO and embezelling hand over fist. Dumb luck uncovered a multi-million theft.
Had another where the CEO was sending wires left and right to 'consultants'. He was authorizing the wires. Somebody else was processing them. Funny, every recipient's name ended in a vowel (Cardelli, Soprano, etc.). Dude got rung up later on a PPE scam with a hospital system for selling them masks he didn't have.
 
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Kali built the Blue Line that runs thorough all the neighborhoods where no one works…
 
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