I Hope I'm Not Late to Al Sharpton's Accounting Party
The NY Post has the story. It's news to me:
An accounting firm hired by Al Sharpton's National Action Network found the civil-rights group in such financial disarray that it flunked its record-keeping -- and may not even survive, The Post has learned.
The scathing critique was spelled out in a hard-hitting internal audit of NAN's books, a copy of which was obtained by The Post.
"The organization has suffered recurring decreases in net assets -- and has been dependent upon advances from related parties and the nonpayment of payroll tax obligations -- to maintain continuity," the firm KBL concluded in an April 2 audit of NAN's 2008 financial records, the most recent available.
Psst, Al, "reclaiming the dream" makes being sure the dream has been fully depreciated so you get the full economic benefit.