Fraud or no fraud in WBCSD?

I’m so tired of hearing and seeing in print “WBSCD forensic audit finds no financial improprieties.”

I examined the audit myself. There are a lot of questions, but you decide. The forensic audit firm for WBCSD, Eide Bailly, provided the following list of transactions that were “unavailable” for the audit. They requested a number of supporting documents necessary for the completion of the audit, but were informed by the WBCSD that the supporting documents could “not be found.” They are as follows: 

1. Supporting documentation for 12 bank transactions totaling $13,439.86.

2. Eight credit card transactions totaling $8,388.85.

3. 218 copies of canceled checks, totaling 618,845.86.

When EideBailly requested copies of financial documents from the WBCSD, and the district’s response was that they were “unable to locate” those documents, auditors must accept that they cannot examine those missing documents as part of the audit, so cannot state that there was or was not any malfeasance. The audit is therefore suspect.

The total amount of unaudited financial transactions is $640,674.56 of our tax money. I’m not OK with that. The data presented here is found in the document, “Forensic Accounting Report.” (March 20, 2024 West Bonner School District No. 83, page 4.)

DIANE MADOSKI

Priest River