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Story Archives: Audit: Chamber president 'misused' funds
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Audit: Chamber president 'misused' funds
The former leader of the West Monroe/West Ouachita Chamber of Commerce misused a company credit card and failed to follow proper procedures, according to documents filed with the state Legislative Auditor.
According to an internal audit, Paul Hargrove misappropriated more than $1,000 for personal expenses and other charges, and then paid the credit card bills without following proper chamber procedures.
"Review of the credit card statements did not reveal evidence of invoices supporting the charges or supervisory approval prior to payment of the credit card balance," the audit states. "The failure to properly maintain control procedures over credit card use results in misappropriation of chamber assets."
The audit was prepared by the accounting firm of Luffey, Huffman, Ragsdale and Soigner, the chamber's auditing firm.
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