Corruption in FIFA? Its Auditors Saw None

fifaSource: The New York Times

Despite longstanding suspicion of corruption, world soccer’s governing body has received a clean bill of financial health for 16 consecutive years from KPMG, one of the world’s top auditing, accounting and consulting firms.

No one has challenged the accuracy of the annual reports of the body, FIFA, which are prepared according to international accounting standards by KPMG’s office in Zurich, where FIFA is based. But that only heightens the puzzling disconnect between the different pictures that are emerging of FIFA as an organization: riddled with bribes and kickbacks in the view of prosecutors, yet spotless according to the outsider most privy to its internal financial dealings. Read more of this post

Howard Street Jewelers Case

case-studies imageOleh: Harry Andrian Simbolon, SE., M.Ak., QIA., Ak., CA

Selama lebih dari empat dekade, Lore Levi dan suaminya, Julius, memiliki dan mengoperasikan bisnis kecil. Bisnis ini pernah mengalami pasang surut sebelumnya, tapi sekarang tampaknya bisnis ini berada dalam sebuah kejatuhan yang kemungkinan tidak bisa pulih. Di masa sebelumnya ketika penjualan berkurang, keluarga Levi selamat dengan memotong biaya di sana-sini. Tapi sekarang, meskipun beberapa biaya sudah dikontrol, posisi kas Perusahaan terus menerus memburuk. Jika perputaran tidak terjadi segera, Nyonya Levi takut bahwa dia dan suaminya mungkin terpaksa menutup toko mereka. Read more of this post