Madeleine Fund - End of Year Accounts 2016-2017.

[Brietta]

I am in the mood for points 
You are casting pearls before swine G-Unit, they are bleedin' clueless and collectively could not lead a cat to cat mint.

At least one swine here is capable of differentiating between pearls being cast and muck being raked - not terribly disingenuously as it happens ... so well past time to desist, I'm thinking.

[Miss Taken Identity]

I'm not implying anything. I'm explaining something about what auditors can and cannot tell us about a company because I have seen it implied in the past that auditing provides a seal of approval. It doesn't, except in a very specific area.

Indeed G. It depends on the remit of the audit. Checking for fraud one would go through every single transaction,receipt etc. other than that someone, anyone, really can be employed to tick boxes.
 So to concur  having an audit done does not guarantee the actual state of the company. They can only check what information they have access to.

[Brietta]

Indeed G. It depends on the remit of the audit. Checking for fraud one would go through every single transaction,receipt etc. other than that someone, anyone, really can be employed to tick boxes.
 So to concur  having an audit done does not guarantee the actual state of the company. They can only check what information they have access to.

I have audited books ... and take it from me ... every single penny was accounted for and no expenditure passed without a bona fide receipt being inspected.

I really do not know what sort of crooks some of the members appear to have been mixing with to have such low opinions of folk ... terribly sad really, in my opinion.

[faithlilly]

I have audited books ... and take it from me ... every single penny was accounted for and no expenditure passed without a bona fide receipt being inspected.

I really do not know what sort of crooks some of the members appear to have been mixing with to have such low opinions of folk ... terribly sad really, in my opinion.

Perhaps we’ve all simply had the luck of the McCanns when choosing PIs ?

[Brietta]

Perhaps we’ve all simply had the luck of the McCanns when choosing PIs ?

That would be the private investigators whose work was used by Operation Grange when collating information?  Not to mention those whose good work you have been assiduously defending?

[G-Unit]

I have audited books ... and take it from me ... every single penny was accounted for and no expenditure passed without a bona fide receipt being inspected.

I really do not know what sort of crooks some of the members appear to have been mixing with to have such low opinions of folk ... terribly sad really, in my opinion.

Do you mean you had your books audited or you performed audits?

It depends what you mean by 'passed'. Can expenditure be 'failed'?

I have worked for very large companies and I can assure you that the auditors would find it impossible to inspect every receipt, or even every transaction.

That doesn't mean the auditors are crooks, obviously.

[faithlilly]

That would be the private investigators whose work was used by Operation Grange when collating information?  Not to mention those whose good work you have been assiduously defending?

Exton, whose work was used by OG, was subcontracted by Halligen. The McCanns would not have known who Halligen would employ.

[Alice Purjorick]

I have audited books ... and take it from me ... every single penny was accounted for and no expenditure passed without a bona fide receipt being inspected.

I really do not know what sort of crooks some of the members appear to have been mixing with to have such low opinions of folk ... terribly sad really, in my opinion.

Trial balance or full dog and pony show?

[Miss Taken Identity]

I have audited books ... and take it from me ... every single penny was accounted for and no expenditure passed without a bona fide receipt being inspected.

I really do not know what sort of crooks some of the members appear to have been mixing with to have such low opinions of folk ... terribly sad really, in my opinion.

I am not sure I LIKE your insinuation about US mixing with crooks. We should remind people that the McCanns said they would use the  money for searching for their daughter... they used  whole lot more on lawyers and hotels it would seem!

Why are they hiding their full accounts not really as transparent as we thought now is it. Why is that?


enbolden text.. Hi John... not abusive at all is it?

[Brietta]

Do you mean you had your books audited or you performed audits?

It depends what you mean by 'passed'. Can expenditure be 'failed'?

I have worked for very large companies and I can assure you that the auditors would find it impossible to inspect every receipt, or even every transaction.

That doesn't mean the auditors are crooks, obviously.

I have audited books ... I had sight of everything I was signing off without exception.
I have audited equipment ... I inspected and accounted for every single item on the inventories.  Items not on the premises for whatever reason had to be accounted for.

An audit is a very serious business and if auditors are as you say not following a paper trail or these days an electronic one they are not doing their job and neither it appears are others in these very large companies.

[Brietta]

Trial balance or full dog and pony show?

Hang on till I Google that.

[G-Unit]

I have audited books ... I had sight of everything I was signing off without exception.
I have audited equipment ... I inspected and accounted for every single item on the inventories.  Items not on the premises for whatever reason had to be accounted for.

An audit is a very serious business and if auditors are as you say not following a paper trail or these days an electronic one they are not doing their job and neither it appears are others in these very large companies.

Suddenly you're an auditor? Give over! Your lack of knowledge is showing. 

In particular you clearly don't understand that auditors inspect samples to obtain sufficient evidence to form an opinion about a class of transactions. Inspecting all the transactions in each class would be impossible in companies with turnovers of millions of pounds.

[Eleanor]

Suddenly you're an auditor? Give over! Your lack of knowledge is showing. 

In particular you clearly don't understand that auditors inspect samples to obtain sufficient evidence to form an opinion about a class of transactions. Inspecting all the transactions in each class would be impossible in companies with turnovers of millions of pounds.

You must think that Auditors and Accountants are very stupid people.  Believe me, they are not.  They are employed by The Inland Revenue who ultimately do their own checks.  And bang goes your LICENCE if you are caught.

I did my own Accounts and those of others, and had to produce receipts always.

I have never understood why clients think that Auditors and Accountants work for them.  They don't.

[G-Unit]

You must think that Auditors and Accountants are very stupid people.  Believe me, they are not.  They are employed by The Inland Revenue who ultimately do their own checks.  And bang goes your LICENCE if you are caught.

I did my own Accounts and those of others, and had to produce receipts always.

I have never understood why clients think that Auditors and Accountants work for them.  They don't.

Are you saying the all accountants and auditors work for HMRC?   

In an ideal world all receipts will be kept. In the real world they sometimes get lost. Petrol receipts are the most likely candidates for this, I have found. Many accountants (and HMRC) will accept the expense as genuine though if it appears on the company bank or credit card statement. The transaction can't be included in Vat calculations without a receipt however.

[Brietta]

Are you saying the all accountants and auditors work for HMRC?   

In an ideal world all receipts will be kept. In the real world they sometimes get lost. Petrol receipts are the most likely candidates for this, I have found. Many accountants (and HMRC) will accept the expense as genuine though if it appears on the company bank or credit card statement. The transaction can't be included in Vat calculations without a receipt however.

Oh ... so receipts are important after all then ... glad to hear it.  As far as I am concerned regarding lost petrol receipts or no proof of travel or subsistence expenses is concerned ... no documentation = no reimbursement.