New York City health officials regularly overpaid a contractor to administer COVID-19 tests and vaccines, paying as much as $14,050 for a single COVID-19 vaccination, an audit shows. Officials let Executive Medical Services, a contractor awarded a contract early in the COVID-19 pandemic, to set its own staffing levels, leading to uncontrolled costs, New York City Comptroller Brad…
New York Paid Up to $14,050 Per COVID-19 Vaccine Administered: Audit
July 5, 2023
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NYC Paid Up to $14,050 Per COVID-19 Vaccination Administered: Audit
July 5, 2023
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AMERICAauditCCP VirusCOVID-19New YorkNew York CityNY NewsRegional & State NewsState NewsUSUS NewsVaccine
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New York City health officials regularly overpaid a contractor to administer COVID-19 tests and vaccines, paying as much as $14,050 for a single COVID-19 vaccination, an audit shows. Officials let Executive Medical Services, a contractor awarded a contract early in the COVID-19 pandemic, to set its own staffing levels, leading to uncontrolled costs, New York City Comptroller Brad…
Watchdog CPAs Aim to Add Systems of Control Over State Elections
A small, loose-knit group of certified public accountants (CPAs) hope to convince states to apply the same techniques accountants use to assure integrity in business to elections and restore voter confidence. “What we want to do is make sure that eligible voters can find it very easy to vote, and people who are not eligible…
Top Audit Firm Defends Giving Clean Bill of Health to SVB, Signature Bank Weeks Before Failure
Audit giant KPMG is standing by its audits of Silicon Valley Bank (SVB) and Signature Bank, which collapsed when customers rushed to withdraw their savings in panic-fueled bank runs. The two banks failed not long after their respective annual reports were certified by KPMG, one of the so-called “Big Four” accounting firms, a list that…
Ask Kip: Factors That Increase Your Chance of an Audit
By Joy Taylor From Kiplinger’s Personal Finance Question: With the Internal Revenue Service (IRS) getting billions added to its budget, does that mean the chance of being audited rises substantially? Answer: Most of the enforcement effects from the IRS’ $80 billion windfall won’t be felt by taxpayers for at least a couple of years. And…
US Receives ‘Full Access’ to China Accounting Firms for First Time
December 15, 2022
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The United States is receiving full access to inspect and investigate accounting firms in China for the first time, according to the nation’s top auditor. The U.S. Public Company Accounting Oversight Board (PCAOB) said on Dec. 15 that it obtained full access to firms in China after years of refusals by the Chinese Communist Party…
US Receives ‘Full Access’ to China Accounting Firms for First Time Ever
December 15, 2022
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auditBusiness & MarketsChinaChina Business & EconomycommerceCompaniesFinance & Business TiesInternational RelationsPCAOBSpecial TopicsUSUS NewsUS-China relations
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The United States is receiving full access to inspect and investigate accounting firms in China for the first time, according to the nation’s top auditor. The U.S. Public Company Accounting Oversight Board (PCAOB) announced on Dec. 15 that it obtained full access to inspect and investigate firms in China after years of refusals by the…
Port Jervis Schools Superintendent Defends Saving Unspent Revenues
Criticized for having an excessive fund balance, Port Jervis School District Superintendent John Bell defended the practice saying it would save taxpayer money, according to a Dec. 5 public letter on the district website. The letter came on the heels of a new audit by the New York State Comptroller’s Office, which found the district maintained…
Port Jervis School District Levied $23 Million Excessive Taxes in Four Years, State Audit Says
November 29, 2022
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The Port Jervis School District in New York consistently levied millions of dollars more property taxes than needed and put an unnecessary burden on taxpayers, according to a newly released audit by the State Comptroller’s Office. During the past four fiscal years, the district overestimated spending by an average of $5.8 million a year, resulting in…
EXCLUSIVE: Pennsylvania Woman Sues Attorney General Josh Shapiro for Defamation in Political Ads
Pennsylvania mother of three Toni Shuppe is not running for office, but Pennsylvania Attorney General Josh Shapiro keeps brining up her name in his statewide campaign advertising for the governor’s seat. He has called her a dangerous conspiracy theorist who spread blatant lies about the 2020 election. Now she is suing both Shapiro—the Democrat candidate…
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