audit

Flickr / Jimmy Emerson, DVM

The state of Iowa has completed an audit of the City of Casey, after a probable arson destroyed many of the town's financial records in August last year, the night before state auditors were scheduled to visit. Auditor of State Mary Mosiman says nearly $300,000 was misspent in Casey from July 2008 to October 2014. 

courtesy photo

The federal commission that regulates the U.S. futures trading industry has permanently barred the accountant who audited Russell Wasendorf’s Peregrine Financial Group in Cedar Falls and did not discover his fraud scheme. Iowa Public Radio’s Durrie Bouscaren reports.