Recently, the Public Company Accounting Oversight Board, that oversees the audits of public companies, sanctioned five auditors for: Violating auditor independence requirements.  Providing bookkeeping and auditing services to the same client.  Allowing an unqualified person to oversee quality control requirements at a CPA firm. Failing to properly audit – among other things, the auditor failed […]

Anthem, Inc. which is headquartered in Indianapolis, Indiana, is an independent licensee of the Blue Cross and Blue Shield Association serving members in California, Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri, Nevada, New Hampshire, New York, Ohio, Virginia and Wisconsin; and specialty plan members in other states. Unfortunately, a recent cyber attack has exposed personal […]

Prior blogs on this topic: https://davehancox.com/2013/06/incredibly-auditors-miss-a-53-million-fraud-in-dixon-illinois/ https://davehancox.com/2013/06/auditors-miss-phony-invoices-would-you-have-found-them/ https://davehancox.com/2013/07/auditor-independence-and-competence-on-trial-in-dixon-illinois-fraud-case/ https://davehancox.com/2013/08/send-these-auditors-back-to-school/ https://davehancox.com/2013/08/dixon-auditors-didnt-pay-attention-to-history-or-professional-guidance/ https://davehancox.com/2013/09/auditors-settle-lawsuit-in-dixon-illinois-fraud/ The city of Dixon, Illinois announced on September 25, 2013 it would receive a $40 million settlement from CliftonLarsonAllen, Fifth Third Bank, and Janis Card and Associates for the fraud Rita Crundwell committed and was not detected by the CPA firms or the bank. […]