Audit Woes at Long Beach Convention Bureau

Posted by accountingweb on Aug 14 2000 116 printer friendly

While accounting problems continue to plague the Long Beach Convention and Visitors Bureau, the city auditor has decided to work with the Bureau's Audit Oversight committee to rectify the problem.

Earlier this summer during an internal audit, the Bureau discovered inaccurate records used by the Bureau to determine the size of financial incentives for the bureau's sales staff. At that time, CEO Linda Howell-DiMario said incentives for the sales staff are capped at 10 percent of an employee's annual salary, averaging $4,000.

Fast forward to this week, when it was discovered that Howell-DiMario ordered an audit from Ernst & Young, of which the Bureau's Audit Committee says it was unaware was going on. The audit focuses on potentially inappropriate incentives paid to staff members.

Apparently, the audit caught the Bureau's board by surprise by reading about it in the paper.

Voice of the Editor

Even though any accounting auditor would tell you it seems like there are an awful lot of tax accountants out there, surely one-third of the country isn't made up of tax preparers, so it's rather startling news to learn that one-third of Americans like to do their taxes. Who knew?

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