UN Moves to Guard Against Tsunami Aid Corruption

Reuters ^ | Jan. 11, 2005 | Irwin Arieff

[Kitten Festival]

UNITED NATIONS (Reuters) - The United Nations is adopting new steps in its global tsunami-relief campaign to guard against improprieties like those alleged in the oil-for-food program for Iraq, U.N. officials said Monday

[Kitten Festival]

Read the fine print, what the real UN spokesmen are saying, scroll down in the story.

[Darkwolf377]

In other news, the fox union has announced a five-point plan for guarding henhouses.

[Andrew LB]

Buahahahahahahaaaahaaaaa!!!!

[26lemoncharlie]

They are the Corruption!!! Sirectly to the Foreign Governments!!, Yea,, here we go again!

Get the US out of the UN and the UN out of the US!

[spinestein]

Did I read that headline right?

UN? Guard against corruption?

I think I need to go outside and see what color the sky is on the planet I've just been beamed to.

[conservativebabe]

Just one more thing the UN can FU.

[coffee260]

Who is "PricewaterhouseCooper"?

PwC pays again in new audit scandal
PricewaterhouseCoopers, one of the world's leading accounting firms, has agreed to settle US government allegations of improper auditing with a $1m payment.
It is the second time in less than a year that PwC has been accused of improper professional conduct to do with its audit work.

PwC does not have to admit any wrongdoing in the deal with the US stock market regulator, the Securities and Exchange Commission (SEC).

The settlement comes almost a year after the industry promised to clean up its act following the conviction of fallen accountant Arthur Andersen for the obstruction of justice charges related to destroying of Enron audit documents.

In January the SEC sued another leading accountant, KPMG, claiming it fraudulently allowed Xerox to fiddle its accounts to cover-up a $3bn hole.

KPMG has denied the SEC allegations.

Latest scandal

Last July PwC paid a $5m settlement to the SEC and accepted an official reprimand over its auditing of 16 companies from 1996 to 2001.

The latest SEC investigation involved the 1997 audit of a pre-paid phone cards and wireless services provider SmarTalk TeleServices, which the SEC says is now bankrupt.

The SEC said PwC signed off a SmarTalk annual report "which contained materially false and misleading financial statements" involving a $25m reserve fund.

PwC agreed to put new policies in place to retain audit documents and review its computer software.

[EternalVigilance]

Annan is sending his son to guard the loot...

[dk/coro]

You are putting it graciously!

I remember when the UN was founded...and Arthur Vandenburg (among others) had such high aspirations. To think what a half a century has wrought to that institution.

IMO, I suspect the best thing we can do is to neutralize the organization by continuing to build these small, but effective, organizational entities to address specific global hegemonic requirements..essentially graciously neutering the organization.

In the long run, this might cause the UN to finally implode due to its irrelevance. I don't consider it in our national interest to simply walk out -- although the thought is exquisite!!! *S*

[WesternPacific]

This is a joke, right? Oh. It is from Reuters. I understand.

[conservativebabe]

I would agree that there needs to be some organizations committed to global causes. Making them more specific and smaller just might be the answer. You can expect there to be corruption in an organization as large as the UN and in an organization that recognizes terrorists as legitimate leaders.

It has become a joke. The US should lead the effort to help direct the formation of smaller organizations which have specific causes and geographical areas to focus on.

[TXBSAFH]

Translation = The UN has decided to be extra careful in laundering the money this time.