Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
2Activity
0 of .
Results for:
No results containing your search query
P. 1
Final Report - Cusimano

Final Report - Cusimano

Ratings: (0)|Views: 349 |Likes:
Published by torontostar

More info:

Published by: torontostar on May 28, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF or read online from Scribd
See more
See less

05/28/2012

pdf

 
FROESE
FORENSIC
p
ar
t
n-or
SH,';'.
ComplianceAuditReportFortheCityofTorontoRe:GusCusimano
May25,2012
 
FROESE
FORENSIC
p
art.ners"•.
Compliance
Audit
Reportforthe
City
ofTorontoRe:GusCusimano
M.a:y25,2012.
Contents
1Introduction·~1BackgroundtotheComplianceAudit..,1OurApproachtotheComplianceAudit2ProceduresPerformed_22OverallFindings4General"4Contributions,,4Expenses,"
5
FinancialReporting,:7
3Detailsin
Support
of
Pindings
8
Contributions,8
Expenses",,,13FinancialReporting,..-".'"204RestrictionsandLimitations22AppendixA-WhattheActandGuidesayaboutFinancialRecordsandReportingSchedule1-ContributionsmadeaftertheEndoftheExtendedCampaignPeriod
Schedule
2-Chequeswith
Altered
datesReceivedafter
June
JO~20TI.E.xhlbit~-AtoK
 
FROESE
FORENSIC
par'
t
n'e:rs
it
d
ComplianceAuctitReportfortheCityofToronto
Re:GusCusimano
May)S,2012
1Introduction
Backgroundto
the
ComplianceAudit
1.1-ThisReport
isthe
resultofa
request
foracomplianceauditunderSection
81
oftheMunicipalElectionsAct,1996('~theAct)')illrelationtothecampaignfinancesof
Gus
Cusimano("Cusimano"or"theCandidate").1.2CusimanofiledforelectionasCouncillorforWard9onJanuary4,2010.1.3AfterinitiallysubmittinghisPrimaryFinancialStatement("thePrimaryFinancial")
On
Match24"2011
fOJ
thecampaign
periodfrom
January4,2010toDecember
:n,
2010"Cusimanoattested
that
his.Supplementary
FinancialStatementfor
the
extendedcampaignperiodfromJanuary4,2010toJune30,2011("theSupplementaryFinancial")wastrueandcorrecttothe
best
ofhisknowledgeandbeliefOurfindings
are,
based
upon
informationcontainedin
both
FinancialStatements(collectively"theFinancialStatements").1.4OnJune23,2011,
DOIUla
Lynn
Tucker('"M$.Tucker")and
HOW21IlI.
Moseoe("Moscoe"),collectively("theApplicants?'),submittedarequestforacomplianceaudittotheCityofTorontoComplianceAuditCommittee('~theCommittee").TheApplicantsidentifiedthefollowingissuesregardingthePrimaryFinanci-al:1)Cusimanofailedtoreportthe
purchase
ofallofthewoodenstakesthatwouldhavebeenrequitedtosupportallofhiscampaign
SigI1S;
2)Cusimanofailedtoreportthereplacementvalueofalargearterialelectionsignthatwasretrievedfrominventory;3)Cusimanofailedtoreport-theuseofdonatedcomputersforhiscampaign;4}Cusimano'scampaignacceptedcorporatecontributionsofgoods'inkind;5)Campaignexpenseswereincorrectlyclassifiedasfundraisinginanattempttoremainbelow-
the
campaign
spending
limit;and6)
Cusimanoimproperly
commencedtheproceedingforacontrovertedelectionandhisassociated
legal
expens-eswerelmproperl
y
accountedfor.1.5Oil
J1Jly
18,2011,theCommitteemettoconsider
the
meritsoftheapplicationanddeterminedthatacomplianceauditoftheFinancial.Statementsbeconducted
forthe
Page
.1

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->