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 […]
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, […]
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 […]
Illinois Takes No Action Against Auditors Found Culpable in Dixon, Illinois Fraud
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, […]
Veterans Health Administration Audit Should Be Taken with a Grain of Salt
Here is a copy of the Department of Veteran Affairs audit on its system wide review of access to care. https://dl.dropboxusercontent.com/u/79212257/vaaccessauditfindingsreport.pdf Unfortunately, this audit has such significant deficiencies it does not […]