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  • KPMG Report of Beaufort County Treasurer's Office

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    This is the complete 28 page forensic accounting report of the Beaufort County SC Treasurer's Office dated 22 June, 2010 by the firm KPMG commissioned at the request of the Beaufort County Solicitor and Beaufort County Administrator.

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    This is the complete 28 page forensic accounting report of the Beaufort County SC Treasurer's Office dated 22 June, 2010 by the firm KPMG commissioned at the request of the Beaufort County Solicitor and Beaufort County Administrator.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    57 views30 pages

    KPMG Report of Beaufort County Treasurer's Office

    Uploaded by

    billwithers
    This is the complete 28 page forensic accounting report of the Beaufort County SC Treasurer's Office dated 22 June, 2010 by the firm KPMG commissioned at the request of the Beaufort County Solicitor and Beaufort County Administrator.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF or read online from Scribd
    Flag for inappropriate content
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    REDACTED KPMG Report to Beaufort County Solicitor & Beaufort County Administrator Regarding Investigation of Beaufort County Treasurer's Office June 22, 2010 Privileged and Confidential ‘This report contains 28 pages Privileged Confidential - Beaufort County Report FINAL.docx. Fourteenth Circuit Solicitor's Office REDACTED State vs. Casuandra White 00248 REDACTED Rama KPMG LLP Suite 2000, Telephone 4042223000 303 Peachives Stool, NE Fax 404 222 3050 ‘Allanta, GA 30308 leteret wow. komg.com June 22, 2010 Mr. Duffie Stone, County Solicitor Beaufort County 102 Industrial Village Road Beaufort, SC 29901 Dear Mr. Stone: We have completed our engagement to provide investigative services to assist Beaufort County with respect to a Forensic investigation involving the Beaufort County Treasurer's Office and other tasks related to the assignment that were identified and mutually agreed upon during the course of the engagement, as outlined in our engagement letter dated March 9, 2010. The data included in this report was obtained from Beaufort County, on or before June 22, 2010, We have no obligation to update our report or to revise the information contained therein to reflect events and transactions occurring ‘subsequent to June 22, 2010. This report is intended solely for the purpose set forth above and for your information and is not to be used for any other purpose or to be distributed to any other parties outside of Beaufort County. Please contact Joseph Sullivan at 404-222-3262 if you have any questions or comments. We look forward to working with you again the future. Very truly yours, KPMG uP Fourteenth Circuit Solicitor’s Office REDACTED State vs. Casuandra White oo024e REDACTED Privileged & Confidential Auorney Client Privileged ‘Attorney Work Product Table of Contents Page I Executive Summary 2 A Introduction 2 B Background 2 C Limitations on Investigation and Analysis 2 D _ Key Findings 3 1 Redemption of Property Sold at Tax Sale 3 2 Undistributed Current Taxes account 4 3 Treasurer's Office Execution Fund 4 Il Overview of Investigation and Procedures 5 A Objectives 5 B KPMG’s Workplan 5 1 Interviews 5 2 ‘Tax Sale and Redemption Process / Reconciliation of Surplus Tax Account 5 3 Analysis of Undistributed Current Taxes account (clearing account) 16 4 Analysis of Execution Fund accounts (06030 XXXXX) 19 Il Key Findings and Results 23 ‘A Tax Sale and Redemption Process / Reconciliation of Surplus Tax Account 23 1 Recordkeeping for Tax Sale and Redemptions is Manual 2B 2 Reconciliation of Redemption to Surplus Tax Account 23 5 ‘Timing of Deposits 23 4 Discrepancies between Redemption Payments and Amount Deposited a ‘Account 23 6 Segregation of Duties 25 B _ Analysis of Undistributed Current Taxes account (clearing account) 25 1 Inconsistent Accounting Treatment 25 2 Account Reconciliation 26 3 Institutional Knowledge 26 C Analysis of Execution Fund accounts (06030 XXXXX) 26 1 Meals 26 2 Clothing 27 3 Other 28 D Other Observations 28 Fourteenth Circuit Solicitors Office REDACTED State vs, Casuandra White 00250 REDACTED Privileged & Confidential Attorney Client Privileged

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