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Customers who used private annuity trusts at the time Holzer was selling them were, in his opinion, "playing audit roulette".
Similar(59)
That apparently is emboldening some companies to play "audit roulette," said Larry Langdon, commissioner of the I.R.S. large and midsize business division and former tax director at Hewlett-Packard.
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While some taxpayers believe that the claims on their returns are valid, many others play "the audit lottery," hoping not to run afoul of the tax collectors.
Professor Amar wrote that judges on the Ninth Circuit rule "a little like how some taxpayers play the audit lottery, taking self-serving positions on their returns while hoping not to get audited".
"I'll play the audit lottery," the client said.
Yet what has been all but ignored in such discussions is the crucial role that states play in auditing existing providers--and the power they have to shut down the weakest.
A lot of thanks go to Dr. Columba Mbekenga for the important role she played in auditing the whole process of data analysis.
Beverly Brooks, the chief executive of Safe Space, played down the audit's conclusions, characterizing them as differences of opinion among accountants.
The fund, known as Calpers, questioned the directors' independence and the roles they played on the audit committee of AOL Time Warner.
We also discuss a number of avenues for future research with a view to encouraging further examination of the role that emotions play in the audit process.
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