WoW ..." At the time I was working for a hospital which was audited by KPMG. When we met with them they said they were writing a management letter to the board that we were not aggressive enough in our investments."
I guess I am showing my ignorance with auditing firms...but that seems so misplaced. Unless they actually worded it more softly...
The rest of your story is funny as hell(unfortunately). By unfortunately, I mean the ineptitude of not knowing the percentage held and type..and of course...the IRS.