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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...

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...

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...

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...

Deloitte helped Jagati Publications to defraud investors

Even before the controversy over the Price Waterhouse Cooper (PWC)'s account fudging to help Satyam Computers could die down, Deloitte, a global financial services company, has landed in soup for allegedly...

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,...

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...

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...

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 profit making year would...

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 phones that was headquartered...

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