Forensic Audit Clears Prayer Palace
In March of 2007, The Prayer Palace's legal counsel, Marek Z. Tufman of Tufman & Associates, retained the services of Bruce Armstrong of LECG, Chartered Accountant (CA) and Certified Fraud Examiner (CFE) to examine the church's financial records.
Bruce Armstrong has over 35 years of accounting, audit and forensic accounting experience, including seven years as the senior investigator at the Institute of Chartered Accountants of Ontario (ICAO). He has been involved in more than 350 investigations, including criminal, corporate and civil matters, and has qualified as an expert in court on many occasions.
LECG investigated the church's financial records as far back as 1994, and found nothing to substantiate The Toronto Star allegations.
"Based on our investigation, we did not find any evidence to suggest that the pastors enriched themselves at the expense of The Prayer Palace or its members," says Bruce Armstrong.
"The Prayer Palace is glad to finally have a completed copy of the forensic audit performed by Mr. Armstrong, and that it confirms that the affairs of our church were and are in order, and that it clears The Prayer Palace of any wrong doings," says Frank Fernandes, a member of the Prayer Palace board of directors. "Even though the allegations were false, restoring the church's good reputation will still be difficult; however, this is a good first step."
Due to the church's defamation suit (filed in Ontario Superior Court - file # 07-CV-334017PD3) against The Toronto Star, a copy of this report has been submitted to their solicitor.
"It's been a very difficult year, and we're glad the investigations are over," says Frank Fernandes. "Our position has always been that the allegations against The Prayer Palace were false and that closer examination of the church's financial records would prove it. And now this has been confirmed in the report of an independent expert in forensic accounting."
Frank Fernandes (member of The Prayer Palace board of directors), and Marek Tufman are available for interviews.
Forensic Audit Clears Prayer Palace
3944 readers online...
- Syndication Directory
- Religion
- Former NFL Pro Turned Pa
- Nine Buddhist World Lead
- National Faith Leaders P
- New Reformed Baptist Chu
- LifeChurch.tv uses Bluef
- Southwest Florida Busine
- GayFriendly Groups Call
- Katrina Survivors Reach
- JZ Knight to Appear on C
- World Premiere Release o
- New Spiritual Travel Pac
- ChurchPunch.com is Becom
- New Videos Promoting Wor
- Palbee.com Launches Brav
- A Truly Global Hymn Cele
- New Book by World War ll
- Former Secretary of Defe
- Betancourt Colombia Host
- Largest Mosque in Canada
- Cake and a Prayer Offers
- Gay Days at Americas Meg
- EasyFundraisingIdeas.com
- Sport Court Partners Wit
- To Assignment News and F
- HaiVisions TelePresence
- Institute President Deno
- The Amazon Curandero Sem
- Today With God Series Wi
- Webmarketing Missionary
- TahitiRadioCocotier.com
- Popular Discussion Group
- Institute Denounces Draf
- Martha Randolph Carr is
- Tahiti And Its Islands
- Herbert W. Armstrong Col
- New York Publishing Comp
- New DVDCD Digital Printe
- SIRAN To Launch Sustaina
- Viscern Inc. Announces S
- Overcoming Lifes 911s to
- New Book Chronicles Two
- Book Spiriting Around Gi
- CatholicsWork Speaker Di
- CD DVD Duplication Repli
- Connor Sport Court Inter
- The Age of Miracles Have
- When Space Is Tight Put
- Results of Intention Exp
- Soul Currency Author Rev
- Institute Takes Saudi Ar