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nfra: Exercise professional scepticism while evaluating fraud at cos: NFRA tells auditors

Reiterating various provisions under the company s law and auditing standards, NFRA stressed that a "statutory auditor shall exercise his/her own professional scepticism while evaluating fraud and need not be influenced by legal opinion provided by the company or its management". ....

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School board seeks outside legal counsel for response to grand jury report

–The Paso Robles Joint Unified School District Board of Trustees met for four hours Saturday morning to craft a response to the San Luis Obispo County Grand Jury Report. The report, “Paso Robles School District: A Cautionary Tale”, criticizes the previous board for financial mismanagement during the tenure of former Superintendent Chris Williams and his board of trustees.
–Read the entire grand jury report below the story–
The board agreed 5-1 to hire independent legal counsel to help craft its response. Board President Chris Arend voted no, Trustee Lance Gannon did not attend the meeting. Two former board members called in to the meeting to address their actions while serving on the board. Joel Peterson and Joan Summers called into the special meeting to defend the actions of the previous board. ....

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