Milwaukee Fraud: Museum considers hiring forensic auditors

Posted by Tracy Coenen on January 24, 2006 · Leave a Comment 

The audit committee of the Milwaukee County Board is considering hiring an outside [tag]forensic accounitng[/tag] firm to perform a [tag]forensic audit[/tag] on the finances of the [tag]Milwaukee Public Museum[/tag]. This project would cost between $50,000 and $100,000. The project is being proposed by Supervisor James White.

The board of MPM was told by county auditors that investigators found no evidence of fraud or misappropriation of funds. The museum board once considered a forensic audit, but instead allowed county auditors to examine the books.

The county examination revealed deception and incompetence by former museum officials. The financial mismanagement drained the endowment fund and put the livelihood of the museum at risk.


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