Thursday, January 3, 2013

Embezzlement 1.01: 'Show Me the Money'

From a December 3, 2012 Adapistration article:

The Sarbanes-Oxley Act 'contains provisions that exempt nonprofit organizations from being subject to the accounting requirements due mostly to the unreasonable burden it would place on smaller and mid size budget organizations.'  

Frankly ... I'm not sure WAC's $100 million-plus operational budget puts the organization in either 'small' or mid-sized' category.  What would my feeling be if I were a substantial contributor to that $100 million?  

See the entire Adapistration article here:

http://www.adaptistration.com/blog/2012/12/03/show-me-the-money-monday/


2 comments:

  1. So while it said the employee specifically wasn't a senior level employee it would be nice to know if the employee was connected with the ASO. Why is the name still hidden, seems odd.

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  2. I just posted the latest AJC article ... in which Hepner reports she turned everything over to the Feds, who will control the timing on releasing a name. The embezzlement did not happen on Hepner's watch (she was brought on in June 2012), so her rather detached, robotic responses are to be expected, if not appreciated, by those who feel more transparency -- in lieu of more obfuscation -- is needed.

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