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Auditor Independence

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 serves as assurance of...

Lloyds considering action against KPMG

Lloyds banking group is considering legal action against KPMG in HBOS Bank Audit. Accountancy giant KPMG in the UK is under scanner over the audit work that gave HBOS, banking and...

KPMG & Deloitte in trouble over HP-Autonomy Deal

A new shareholder lawsuit over Hewlett-Packard's acquisition of British software firm Autonomy has named Big Four audit firms KPMG & Deloitte as defendants, alleging they missed numerous red flags about Autonomy's...

SEC investigates KPMG Deloitte PwC and EY

Securities and Exchange Commission began administrative proceedings on 3rd December'2012, against the China affiliates of KPMG Deloitted PwC EY and another large U.S. accounting firm BDO, for refusing to produce audit...

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. Prime Minister not only...

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 fraud at Carter's, Inc,...

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 registered firm Mendoza, Berger...

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 former chief executive officer...

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 the court of laws...

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 for a broker-dealer audit...

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