SEC brings charges against auditors
69 auditors have been charged by the Securities and Exchange Commission with issuing audit reports on the financial statements of public companies without first registering with the Public Company...
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Sachdeva and Koss Corp.: The Indictment, the Clothes, and the Auditors
The case of the alleged theft of at least $31 million by Sue Sachdeva from Koss Corp. (NASDAQ:KOSS) carries on. Last week, Sachdeva was charged with 6 counts of wire fraud. Experts are saying this...
View ArticleNavistar v Deloitte: Blame the Auditors for Fraud Committed and Concealed By...
In cases of corporate fraud, including embezzlement, financial statement fraud, earnings management, bribery, and the like, it’s easy to blame the auditors. After all, they have very deep pockets,...
View ArticleAudit Malpractice Defense: Four Key Issues
When a major fraud is discovered in a company, one of the key targets of litigation is usually the independent auditors. Two well-publicized cases in which management or shareholders suing the auditors...
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The Fraud Blame Game: Accusing the Auditors
When a company discovers an internal fraud, it’s not uncommon for owners and management to look for a party to blame. After all, someone should have known that a fraud was in-progress, right? Often,...
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