Legislators grill Ark. lottery financial officer

Comment #6

cbr$ — Fri, 26 Aug 2011 17:21:20 GMT

this sound as if the financial reports are done quarterly meaning there should be 3 -4 signatures on them, the auditor , the financial officer, usally someone else here then the CEO. they each get a copy of the report all proofs and errors should have been corrected before it left them not at the IRS office .as far as Ernie Passailaigue neecing to be told about a IRS problem, that not a excuse he should have read his own copy before he signed. If the report is late there is a financial penalty i... [ More ]

Comment #5

sully16 — Fri, 26 Aug 2011 10:56:07 GMT

Yikes, what a disaster

Comment #4

HaveABall — Thu, 25 Aug 2011 22:27:21 GMT

I feel sorry for Passailaigue (and the many bosses/leaders in his shoes) !!! How can one be a good director when BOTH your CFO and Auditor don't tell you everything BIG that they are working on? By now, Passailaigue is probably questioning his knowledge-share relationship with all of his under employees/independant contractors!!! Maybe it's time to begin firings and replacements of some under-employee workers.

The sad part of this saga is that there are SO MANY unemployed former CFO and Audit... [ More ]

Comment #3

temptustoo — Thu, 25 Aug 2011 19:00:57 GMT

I.R.S WRONG ABOUT SOME OF THE PAYMENTS... no never.. how could that be.. LOL..

Comment #2

kapla — Thu, 25 Aug 2011 17:02:51 GMT

I agree 100%. This is a GREAT example of what happens when you try to cover up your mistakes. I am surprised that no one below him tipped the CFO off before this. And he wonders why there was a hostile work enjoinment

Comment #1

rdgrnr — Thu, 25 Aug 2011 16:37:36 GMT

The CFO was right saying the issue was his problem, not the Director's, but the Director should have been notified immediately, regardless.

Miley, the CFO, was trying to cover his own @ss by trying to rectify the problem before the boss found out about it.

He should be on the hot seat before anybody else.

And that's why he's leaving.

Legislators grill Ark. lottery financial officer

Lottery Post — Thu, 25 Aug 2011 14:56:46 GMT

The Arkansas lottery's chief financial officer said Wednesday that a $90,000 tax penalty probably resulted because of a data input error, though legislators remained puzzled over how the lottery's director wasn't told of the problem for more than three months.

Lottery director Ernie Passailaigue told members of the Lottery Oversight Committee that he was disappointed he wasn't told of the Internal Revenue Service problem until long after it had emerged.

The IRS assessed the penalty because... [ More ]