Re: why public accounting is important

At 21:35 -0600 4/8/03, Aaron J. Seigo wrote about Re: why public 
accounting is important:

|if an organization had enemies who had a bone to pick with individuals within
|that organization, the chances are high that they would take the release of
|the books as an opportunity to spin the documentation into a horror show of
|negativity that would do ireperable harm to future positive directions. so,
|having enemies in the public is one reason not to do so.

If there is nothing to spin and they have a clean bill of health than 
the attempts to spin the documents into a horrorshow will be a dead 
end street. If on the other hand irregularities or creative book 
accounting will appear which can raise questions after the legality 
you will have a problem on your hands.

As far as doing 'ireperable harm to future positive directions' goes, 
not-for-profit organizations who screw around with donated money, 
money that isn't theirs to spend, like that do not deserve any future 
existence and are best off taken apart. Public trust will be gone and 
they will have all the reason in the world to be ashamed of 
themselves. Of course this is my personal opinion.

I never forget how angry I felt when I read a report on how the big 
not-for-profits organizations spend the money they raise like the 
cancer fund, heart fund, AIDS funds etc. They are amongst the richest 
organizations of the world, money is piling up in secret bank 
accounts in Switzerland while in the meanwhile children in my country 
were dying because the treatment they needed was only available in 
another country and the parents didn't have the money to pay for 
that. Cancer funds always refuses to pay for such treatments, yet 
they do pay big salaries and cars for their CEO's I find that 
revolting and disgusting.

I also found it very disturbing and dissapointing to read that the 
money in KDE e.V is going to the German Krebs fund if KDE e.V stops 
to exist. I thought they surely could have found an organization who 
could use that money better that the multinational under the 
not-for-profit organizations.

--
Tink

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