Background What words strike fear in executives, accountants, auditors and investors? Restatement of financial reports. This article explains the contortions that IVGID management and Board underwent to avoid restating financial reports. IVGID has no Whistle Blower Ordinance, even though required by Nevada law since 2019. (NRS 281.635) For years, residents including several CPAs protested IVGID’s annual audited financial statements, especially the 2015 switch of the community venues from “Enterprise Fund” accounting which is to be used for business-type activities.  Public records requests for the detail supporting the statements (General Ledger and Chart of Accounts) were refused. Auditor Eide Bailly continued … Continue reading →