PwC Forged the books to avoid taxes

Just a day after the PM announced a new agency to check the misdeeds of Chartered Accountants, PwC the auditing giant of India have been drawn to...

Auditor Integrity set to be ground play of proposed Accounting Regulator

Background Hon. Prime Minister of India made the announcement on the occasion of the foundation day of the Institute of Chartered Accountants of India, which shattered the community....

Auditor Integrity check is becoming essential

External Auditor’s opinion play a very important role in the global capital markets system. A third party opinion on the representations made in a company’s financial statements...

Violation by Mendoza, Berger & Company,

Public Company Accounting Oversight Board barred Henry Mendoza from being associated person of registered public accounting firm. The Board found that Mendoza, the managing partner of the formerly...

Violations by Dean Dorton Allen Ford

Public Company Accounting Oversight board imposed civil penalty on the Public Accounting firm for violating the auditor independence rules. Dean Dorton Allan Ford (DDAF) prepared the financial statements...

Financial Statement Frauds in Indian Technology Sector

Financial Statement Frauds in the Information technology sector are here to stay. In the year 2009, Indiaforensic published the research on termed as " Early Warning Signals...

Audit inefficiencies to be observed by the forensic auditors

March end is close and many of the firms would be preparing for the finalisation of the accounts. Auditors are likely to visit their places and another...

Carter’s Accounting Fraud

Securities and Exchange Commission charged Michael Johnson, a divisional merchandise manager at Kohl's, which is a national department store. The complaint alleged that Johnson assisted the financial...

Thornburg Mortgage Accounting fraud

Thornburg Mortgage Accounting fraud Securities and Exchange Commission filed securities fraud charges in the United States District Court for the District of New Mexico against Larry Goldstone, the...

APC’s round trip transactions

Securities and Exchange Commission filed a civil injunctive action against a former senior vice president and a vendor of InPhonic, Inc., a now-bankrupt online retailer of cellular...