Monday, January 16, 2017

Can we trust this audit?

Here, in PDF format, is the Pacifica 2014 audit.


  1. Chris,

    Why bother? The audit is for the fiscal year ending September 30, 2014. It is only two and a half years late. The financial situation has not improved; it is worse.

    Thank you. Ed Manfredonia

  2. There is no chance of doing two audits by June. Tracy Rosenberg is proposing a two-year audit to be done by June in order to become eligible to receive CPB money. A lot of the cost of this audit was due to delays responding to auditor questions. An audit done on time wouldn't cost nearly as much and would work well with efforts by some to raise money specifically for audits.

  3. I could not download the PDF file. What does the audit show the rent for the Empire State Building to for 2013-2014? What was the rent for the Empire State Building for 2012-2013. There should be an increase of approximately 2-3% per annum.

    If the rent is approximately $55,000 per month, the audit must show an expense of $55,000 per month and an expense of $660,000 per year. (The total sum of $660,000 must be shown as an expense for the year,) If Berthold only pays $15,000, then $40,000 per month is an accrued liability- and that is shown on the Balance Sheet.

    If not, we have prima facie accounting fraud.

    Ed Manfredonia

    1. Sorry about that, Ed. Try this URL: