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    HomePoliticsBREAKING: Clinton Foundation Auditor Sanctioned – $438 Million ‘error’

    BREAKING: Clinton Foundation Auditor Sanctioned – $438 Million ‘error’

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    Democrats often avoid public openness in their non-profits, but in Arkansas, home of the Clinton Foundation, one guy is pushing back by launching a landmark case against an audit company that has not done its job and appears to have behaved corruptly to provide cover for fraud.

    The Gateway Pundit (TGP) published a study by Bob Bishop, a forensic investigator and 30-year CPA veteran, uncovering widespread fraud and wrongdoing at The Clinton Foundation, run by Bill and Hillary Clinton.

    However, the corruption of Clinton is not the worst of it. Now, law enforcement, the intelligence community, and auditors all look to be crooked.

    Bishop supplied TGP with extensive information, including legal documents, and narrated his experience.

    “The Clinton Foundation is America’s largest unprosecuted racketeering and charity fraud case. Investigations of the Clinton Foundation, shelved by the corrupt and partisan DOJ, FBI, and IRS leadership, demonstrate a two-tier justice system with exemptions for the political elite.

    After 13 years, where audits had been exhausted by other groups, Bishop reported there was one “remaining pathway for due process was petitioning the Arkansas State Board of Public Accountancy to enforce AICPA professional standards.”

    By disregarding AICPA professional norms and IRS compliance, the business gave the Clinton Foundation a veneer of credibility, Bishop wrote, adding:

    “I filed a complaint with the Arkansas Board against BKD, LLP. The complaint (59 allegations), relying on public documents, charged BKD with professional misconduct and failure to comply with the following AICPA standards and the IRS Code.”

    Bishop said that his complaint had significant anomalies and evidence of a culture of lying, and he provided summaries of his opinions.

    Trustee Oversight & Control Failures

    The Foundation’s Board of Trustees has retained Simpson Thacher & Bartlett, LLP to examine its “decadal” (Or is it decadent?) governance. In late December 2011, they released their findings. WikiLeaks published a draft paper that was extensively reported by the media. The Foundation’s tax-exempt status was determined to be in jeopardy due to serious organizational and internal control flaws uncovered by the governance examination. Why did BKD disregard the glowing cautionary signals?

    More on this story via The Republic Brief:

    Material Errors and Omissions in 990 Tax Returns

    Hillary Clinton’s 2016 Presidential run caused the Foundation to evaluate, amend, and refile its tax filings for 2010, 2011, 2012, and 2013 on November 16, 2015. The justification was to disclose foreign government grants and the Clintons’ paid speeches on behalf of the Foundation because the few lines on the returns were previously left blank. Foundation President Dr. Donna Shalala issued a logic-defying press release that the Foundation exceeded all legal tax requirements and “that the errors did not require us to amend our returns.” The accounting fees for 2015 were a staggering $2.7 million suggesting otherwise. CONTINUE READING…

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