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 … [Read more]
80 Million Customers’ Personal Information at Risk – What Controls were in Place?
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 … [Read more]
Again, an Auditing Firm Fails to Serve the Public Interest
Again, we’re confronted with a CPA firm that has harmed the auditing profession. This time, PricewaterhouseCoopers (PwC) was doing a consulting assignment for the Bank of Tokyo-Mitsubishi (BTMU). The New York State Department of Financial … [Read more]
Illinois Takes No Action Against Auditors Found Culpable in Dixon, Illinois Fraud
Prior blogs on this … [Read more]
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