Clinton Foundation Auditor Sanctioned – Numerous Material Issues Including the Clinton Foundation and Its Auditor Ignoring $483 Million Error
Arkansas Sanctions Clinton Foundation’s Auditor in Landmark Case
Guest post by Bob Bishop
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.
The only remaining pathway for due process was petitioning the Arkansas State Board of Public Accountancy to enforce AICPA professional standards against the Foundation’s former national audit firm BKD, LLP (BKD has since merged with another national firm forming Forvis, LLP).
BKD issued slapdash audits and tax returns (under penalties of perjury) for 13 years. By dismissing AICPA professional standards and IRS compliance, the firm created a veneer of legitimacy for the Clinton Foundation. BKD’s main fiduciary obligation is to serve and protect public interest, not the Clinton Foundation.
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. The complaint’s primary focus is the Clinton Foundation’s 2011 amended IRS Form 990 tax return dated November 16, 2015, and the underlying 2011 audited financial statements.
The firm filed a condescending and indefensible response dismissing the allegations and smearing me as a “conspiracy theorist.” The reply crossed a bright-line including a veiled threat of AICPA disciplinary action against me. BKD’s Chief Operating Officer Eric Hansen served at the time as the AICPA Chairman.
Rampant Irregularities
The complaint covered substantial irregularities and documented a culture of deceit, with the more flagrant irregularities abstracted below.
Trustee Oversight & Control Failures
The Foundation’s Board of Trustees engaged Simpson Thacher & Bartlett, LLP, to review its “decadal” (Or is it decadent?) governance. Their report was issued in late December 2011. WikiLeaks released the draft document widely covered in media outlets. The governance review found severe organizational and internal control weaknesses jeopardizing the Foundation’s tax-exempt status. Why did BKD ignore the flashing warning signals?
Material Errors and Omissions in 990 Tax Returns
https://www.thegatewaypundit.com/2022/09/breaking-exclusive-clinton-foundation-auditor-sanctioned-numerous-material-issues-including-clinton-foundation-auditor-ignoring-483-million-error/
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