The Morning Report
Get the news and information you need to take on the day.
The past two weeks have seen an uproar surrounding the consultants from Kroll Inc., who staff the city’s audit committee.
The audit committee, who have been paid $20.3 million over the last year and a half to complete an investigation into City Hall finances, were accused last week by Mayor Jerry Sanders of taking a desperate city hostage.
He accused the consultants of leveraging their independence to pad their bills and said the imposition of the Sarbanes-Oxley Act on municipalities must be rethought by Congress.
Here’s a couple of stories we’ve done in the history of the audit committee that will give you more background on the issue: one about the city being held to the standards of the Sarbanes-Oxley Act (also known as SOX), titled “This Really SOX,” and another about billing and SOX titled “Not Requesting, Insisting.”