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Municipal Messes Delayed audit finds ‘material weaknesses’ in Elton’s finances and procedures [ KPLC (Louisiana)] The town agreed to address such deficiencies including timely adopting an operating budget, hiring someone qualified to prepare financialstatements, and submitting required paperwork to the Legislative Auditor’s Office by the due date.
During this two-year audit, the Marine Corps had independent third-party auditors from Ernst and Young vet the value of all its assets listed on financialstatements. Price and his taxreturn preparation business, Price’s Accounting Firm Inc., from preparing federal income taxreturns for others.
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