Here in New York State, fraud is hitting the headlines. Accusations of alleged theft and embezzlement by school officials have citizens questioning whether their tax dollars go to learning or to luxuries for school officials.
New York State Comptroller Alan Hevesi has called for increased oversight of school finances in response to these scandals, and has identified specific school districts for in-depth audits. The New York State Society of CPAs is part of his initiative to review the safeguards in place to protect the taxpayers' investment in education. Goals include ensuring strong internal controls in school districts and improving the effectiveness of independent audits by training local school board officials on how to get the most from their audit.
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