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$90 Million In Funds Double-Counted
1. $90 Million In Funds Double-Counted
Errors included duplicate journal entries for $66 million inside sales tax income along with $24
million inside cigarette taxes.
The Chicago Sun-Times says new reporting practices currently are in place, and the employee
responsible for your error, Faisal Abbasi, ended up being fired earlier this year.
Abbasi stated he doesn't know regardless of whether he's responsible for the double entry.
Deloitte and also Touche, the firm that audited your county's 2009 records, could not become
reached for have a peek at this site comment.
CHICAGO -- Officials in Cook County, Ill., where Chicago will be located say the bookkeeping
blunder that resulted inside double-counting $90 million throughout revenue won't leave them
scrambling in order to pay his or her bills.
But County Board President Toni Preckwinkle stated Friday that the go to website situation the girl
inherited renews the woman's "commitment to transparency and accountability."
http://www.huffingtonpost.com/2011/06/11/cook-county-bookkeeping-e_n_875367.html