May 1, 2013 | Uncategorized
(Please refer to the blog KPMG Responds to Insider Trading by its Partner)Below is a statement by Mr. Scott London (former partner at KPMG) acknowledging his role in the insider trading of information he acquired as the auditor. This statement reflects...
Apr 30, 2013 | Uncategorized
Here is an e-mail I received from the Chairman of KPMG regarding the actions of Scott London’s insider trading. You can get more information on what the SEC alleges...
Jul 16, 2012 | Uncategorized
I just realized that if you add and subtract the right numbers on the Peregrine Bank Statement, you do not get the ending balance as reported on the bank statement. In addition, the balance on the bank statement does not equal the balance on...
Jul 15, 2012 | Uncategorized
The Peregrine Financial Group Inc. fraud is still emerging, but once again, we see auditors being duped because they failed to follow the basic procedures of the auditing profession and exercise an appropriate level of professional skepticism.The CEO and sole owner of...
Jul 8, 2012 | Uncategorized
I have a consulting assignment that keeps me very busy. I will be posting again on the auditing profession as soon as time permits.Thanks for your continuing interest.
Jun 5, 2012 | Uncategorized
In many of the past frauds I’ve studied, it seems managers fail to learn from history. Even when they are forewarned, managers sometimes can’t see the emerging problems that must be addressed if they are to be successful.At MF Global, there was past...
