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    News and Articles on Forensic Accounting

    Latest News: Forensic Accounting

    Interwoven Receives NASDAQ Notice of Non-Compliance  Aug 14, 2007
    The Audit Committee's review is now substantially complete and the Audit Committee, in consultation with its independent counsel and a forensic accounting firm, is currently analyzing the results of its review but has not yet rendered its conclusions and findings. Until the Audit Committee's review is complete, Interwoven will be unable to file its periodic reports as required by the NASDAQ Stock Market. (PR Newswire)

    Money isn't everything: Attitudes of young workforce changing  Aug 14, 2007
    Founded in 1926, RSM Richter provides financial advisory services in the areas of corporate restructuring, litigation support, forensic accounting, business valuation, corporate finance and insolvency. RSM Richter has full-service offices in Calgary, Montreal and Toronto. (Canada Newswire)

    Report: Parishes withheld millions  Aug 2, 2007
    Neilson, a former FBI agent and recognized expert in bankruptcy and forensic accounting, was appointed in April by federal bankruptcy Judge Louise DeCarl Adler to examine nearly 1,000 bank accounts held by the diocese and its 98 parishes. This is the first time in the five bankruptcy cases involving U.S. dioceses that a judge has ordered such a rigorous outside financial review. (San Diego Union-Tribune)

    Hamas Victory Brings Secrets  Jul 30, 2007
    Mr. Hayya, the senior Hamas leader, said hundreds of the group's Hamas's operatives have been culling through and analyzing the intelligence troves since their seizure, with specialists in security, forensic accounting and administration conducting detailed assessments. Significant portions of these assessments are close to completion, Mr. Hayya said. (Wall Street Journal)

    Signed Earnhardt look-alike car up for sale  Jul 15, 2007
    Jocelyn K. Morgan, who is studying forensic accounting at Davenport University, is asking $11,500 for the car and some NASCAR memorabilia. "It looks like Dale Earnhardt's race car, but inside it looks like a regular Monte Carlo except for his autograph on the dashboard," the 32-year-old Morgan told The Saginaw News. (SportsIllustrated.CNN -- Racing)

    New UGA biz dean has full course load  Jul 9, 2007
    He sees the center offering classes such as Forensic Accounting or Doing Business in China. Potentially fueling Terry's expansion in Atlanta is also the increasing demand for MBAs. (Atlanta Business Chronicle, GA)

    Accounting firm counting on growth  Jul 7, 2007
    It will employ 15 workers initially in auditing and consulting services, including tax, business valuations and forensic accounting. The main thing with San Diego is it's a growing market, said Lee Duran, who will head BDO Seidman's auditing business in San Diego. (San Diego Union-Tribune -- Business)

    Facing the issue of employee theft  Jun 18, 2007
    "This happens to every company no matter what size," said Kathleen Barney, CFE and manager of forensic accounting for Eide Bailly, a CPA and business advising firm. "They look back and say, 'We're such idiots. How did we not notice that?' ". (AZCentral -- Business)

    Citrix: Review found option errors  Jun 17, 2007
    Independent outside legal counsel and forensic accounting consultants helped the audit committee with its review. The company said it looked at 200 grant dates representing more than 27,000 individual option grants. (South Florida Business Journal, FL)

    Athens Generating claims foundation misused funds  Jun 11, 2007
    Athens Gen Attorney Ruth E. Leistensnider is calling for immediate forensic accounting of the Catskill-Olana Viewshed Mitigation Fund, raising serious questions about how the Hudson River Foundation has administered the fund. To get the rest of the story every day, subscribe to The Daily Mail. (Catskill Daily Mail, NY)

    Want to know the secret habits of a highly successful mom? Here are three tips.  Jun 10, 2007
    Want to know the secret habits of a highly successful mom. - 06/10/2007 - MiamiHerald. (The Miami Herald)

    Capitalizing on finding fraud  Jun 9, 2007
    Forensic accounting firm sees growth as a result of business scandals ... Seven years ago she combined those two loves and formed , Milwaukee, which provides forensic accounting services to attorneys and their clients. (Milwaukee Business Journal, WI)

    Gold World Retains Forensic Accounting and Investigation Services  Jun 8, 2007
    GDW (TSX-V) TORONTO, June 8 /CNW/ - Gold World Resources Inc. (GDW-TSX Venture) ("Gold World" or the "Company") announces that it has engaged Grant Thornton Consulting, Vancouver, to conduct a forensic accounting investigation and assist the Company's legal counsel with any legal proceedings to the Company's investment in Gold Luck Resources Ltd. and a Chinese joint venture company, Jinduo, both of which are related to the Company's acquisition of an interest in a Chinese mining property. The... (Canada Newswire)

    Sudanese Biz Leaders: Sanctions Will Have Little...  Jun 5, 2007
    "Tougher new enforcement techniques," including "forensic accounting" have been used to select the newly targeted companies and to make sure all 163 now on the sanctions list are truly barred from the dollar economy, U.S. embassy spokesman Joel Maybury said. U.S. officials also dispute the idea that they are leery of disrupting Chinese relations over Darfur. (Fox News)

    Bronco Men's Tennis Announces Season Awards  Jun 5, 2007
    "He has learned and grown a lot since first arriving on campus freshman year. He embraced the Bronco tennis experience and has a bright future ahead of him, as he starts work in forensic accounting for Price Waterhouse Coopers in August.". Wong had a standout first season on the Mission Campus, tying school record for wins with 30 to capture the Roy T. Zepponi Bronco Rookie of the Year. (Santaclarabroncos.com)

    Palm Bay holds annual WaterFest  Jun 2, 2007
    Forensic Accounting Specialists. H2O the turtle, official mascot for Palm Bay's Utilities Department, cordially invites you to join him at WaterFest for some good, clean fun while looking at all things watery. (Florida Today)

    BC launches audit of retail lottery system  May 31, 2007
    A forensic accounting team found what the Crown-owned agency described as "unethical'' and "suspicious'' dealings between some retailers and purchasers in Atlantic Canada. In British Columbia, Carter found there was a lack of scrutiny for 99 per cent of the winning tickets and 80 per cent of the prize money paid out for wins under $10,000. (CTV.ca)

    A Closer Look at Federated  May 22, 2007
    "My concern is that cash flow is being driven by the liquidation of receivables that is not going to recur," says Jeremy Perler, a retail analyst at the Center for Financial Research & Analysis, a forensic accounting firm. Federated's calculations show its free cash flow up slightly in both 2005 and 2006, even after stripping out the $4. (BusinessWeek)

    Mace finalizes sale of Ariz. car washes  May 20, 2007
    Mace said its board of directors' audit committee expects to receive a report from a forensic accounting firm on the matter this week. Mace's stock can't be delisted for the rule violations until at least May 31, which is the date of a NASDAQ hearing the company requested. (Philadelphia Business Journal, PA)

    Local student takes advantage of college alliance  May 19, 2007
    Bachelor s degrees are available in: accounting, applied management, business administration, business forensics, computer science, digital communication, financial management, forensic accounting, healthcare management, human resources management, information technology, management information sciences, marketing and public safety management. Adults have responded enthusiastically to the online format and the ability to fit classes into their daily schedule. (Kewanee Star Courier, IL)

    CPA group to hear former U.S. Rep. Rob Simmons  May 16, 2007
    The meeting will run from 1 to 5:15 p.m.; Simmons is expected to address the group at 2:45 p.m. His presentation is titled "From Congress to Commerce: Meet Connecticut's New Business Advocate." The CSCPA annual meeting will also include Stephen Weinstein, CPA, adviser and consultant to professional firms, on "How to Succeed at Firm Succession" at 1:30 p.m. and Stephen Pedneault, CPA, CFE of Forensic Accounting Services LLC on "Fraud, Facts, and Forensics" at 3:45 p.m. The meeting will also... (New Britain Herald, CT)

    Dechert Cracks the Code for Am Law 100 Success  May 12, 2007
    Forensic accounting, investigations, disputes, governance, technologies, trial services. ResultsPlus, Key Numbers, Smart Tools: three more reasons to choose Westlaw. (Law.com)

    CA continues to attract the best of the talent available  May 7, 2007
    Crisis Management including Forensic Accounting ... There exist huge opportunities in forensic accounting and corporate investigations. (Hindu)

    Stock-options fraud often undetected  May 6, 2007
    It's a sad indictment of the accounting profession that we don't account for many frauds, said Dana A. Basney, director of forensic accounting services for the San Diego office of Mayer Hoffman McCann P.C., a nationwide CPA firm. Vencent A. Donlan, and his wife, Robin D. Colls Donlan, both 44-year-old teachers in local schools, were accused in civil lawsuits announced Thursday of fraudulently issuing Wireless Facilities stock options and selling them at a profit of more than $7. (San Diego Union-Tribune)

    Good news, bad news at Mace Security  May 5, 2007
    Mace's audit committee has hired an outside accounting firm experienced in forensic accounting to aid in the investigation. Mace's auditors can't complete the company's 2006 audit until Mace concludes its investigation and completes its closing process. (Philadelphia Business Journal, PA)

    Fire department ex-treasurer charged with stealing nearly $75,000  May 5, 2007
    A forensic accounting investigation indicated that $74,535 was misappropriated. A message left at Gasbarro's residence was not immediately returned Friday night and it was unclear whether she had an attorney. (NEPA News, PA)

    2005 Am Law 100  Apr 29, 2007
    Forensic accounting, investigations, disputes, governance, technologies, trial services. STOP the litigation fire drills. (Law.com)

    Thou shall not steal -- except in accounting class  Apr 4, 2007
    Before, such classes were taught in the criminology department, said Tracy Coenen, owner of , a Milwaukee firm which offers fraud-fighting and forensic accounting services. "Fraud is such a reality for companies," Coenen said. (Milwaukee Business Journal, WI)

    Mutual Funds &Personal Finance  Apr 4, 2007
    They do forensic accounting ... That's the kind of forensic accounting they provide. (Investors Business Daily)

    Securities Class Action Settlements Reach Record Level  Mar 30, 2007
    In an e-mailed statement, the firm said this week that it was "pleased that the results of [the SCAS] report reflect ... Milberg Weiss' unmatched legal, investigative, forensic accounting, and litigation support talent," but declined to comment further. ONE WAY TO MOVE DOWN. (Law.com)

    Rules of Law  Mar 29, 2007
    For World Wrestling, which derived almost a fourth of its 2006 revenue from licensing, a win in court "could provide a significant, recurring boost to financial results, specifically a 14% to 22% increase in earnings before interest and taxes. An indication that things are moving in the right direction for the plaintiff could come within a few months if the company succeeds in defeating a pending motion to dismiss its federal racketeering suit against the THQI-Jakks joint venture. "Such an event... (SmartMoney)

    McGuire returns as full-time children’s librarian  Mar 28, 2007
    Mazzucco is a certified public accountant with experience in corporate, personal and forensic accounting, estate planning and financial consulting. He started his career at Price Waterhouse and is currently the owner of a full-service accounting firm in Chatham. (Madison Eagle, NJ)

    Silverton to reconcile finances  Mar 23, 2007
    Soon after that, the town's auditor asked that a forensic accounting be done so that she would have factual financial information to work with. The accounting problems began several months ago with frequent turnover in town employees, inexperience of new employees and problems with the accounting software, Swanson said. (Durango Herald)

    Board oversight critical for success of corporate ethics programs  Mar 17, 2007
    His findings are published in an article, "Board Oversight of Corporate Ethics Programs and Changes in Financial Disclosure Credibility," in a recent issue of the Journal of Forensic Accounting. . (EurekAlert!)

    Cauley Bowman Issues Shareholder Alert: Update on Proposed Acquisition of Pathmark Stores, Inc.  Mar 14, 2007
    Cauley Bowman maintains in-house finance and forensic accounting specialists and extensive trial experience. Contact. (Primezone Releases)

    On sailing the wide accountancy  Mar 7, 2007
    There is forensic accounting, bookkeeping, corporate finance, investment advice, management consulting, even working for the Internal Revenue Service, though being an IRS compliance auditor is one job she doesn't think she could handle. "Accountants may seem to be scary because you have to pay them money to do things that typically involve taxes or something financial that is not always a pleasant thing, bankruptcy or something" Shoemaker said. (Sioux City Journal)

    Return to Lender  Mar 6, 2007
    "The filing had plenty of unwelcome highlights: a full-year loss for 2006, an internal forensic accounting review, likely liquidity troubles that could lead to auditor doubting its ability to remain a going concern and regulatory investigations that could solidify the crisis of confidence in NEW. The crisis seems unlikely to be resolved in a reasonable timeframe for its creditors and insolvency is the most likely outcome, in our view, given what we know.". The feds are looking at potential... (SmartMoney)

    • Glad You Asked: Mute boxes in the courtroom; the origins of the word forensics; police contraband; more on wedding ceremony interuptions  Feb 24, 2007
    " Originally, forensics referred to the skills of debating a case in court of law. Over time, it became an adjective for types of science used to build a case in a court of law. Forensics sciences are not limited to fingerprints and DNA. Other types include: forensic accounting, forensic biology and even something called forensic epistemology, which reportedly deals with philosophical knowledge in a legal setting.To recap, forensics originally referred to speaking and building an argument in... (Racine Journal Times, WI)

    US research boutique takes buyout from London bankers  Feb 24, 2007
    Firms that do forensic accounting, quantitative work, data providing - those categories are doing very well. . (IR Magazine, UK)

    Sub-prime loan market shaken up  Feb 9, 2007
    forensic accounting and due diligence firm with mutual funds, hedge funds and insurers as clients. "It means a lot of people are going to lose their homes.". (Los Angeles Times)

    Forensic accounting need draws Rodefer Moss  Jan 29, 2007
    A regional accounting firm and a local valuation and litigation expert have formed a new company to take advantage of a fast-growing need for valuation and forensic accounting services in Nashville. Accounting firm has teamed with expert Laroy Wolff to form. (Nashville Business Journal, TN)

    Foundry Networks Reports Findings of Stock Option Investigation  Jan 23, 2007
    The Special Committee was assisted in the investigation by independent legal counsel and independent forensic accounting consultants. On September 22, 2006, the Company announced that the Special Committee had preliminarily concluded that the actual accounting measurement dates for certain stock option grants awarded during the years 2000 to 2003 likely differed from the recorded measurement dates for such awards, and that, as a result, the Company expected to restate historical financial... (PR Newswire)

    Business Digest  Jan 19, 2007
    Maryland: PersonnelFTI Consulting adds Gephardt as adviser FTI Consulting Inc., the Baltimore-based firm specializing in forensic accounting, economic analysis and crisis management, has signed former Democratic Majority Leader Dick Gephardt to be a consultant and adviser to the company and its clients. The former Missouri congressman's firm, Gephardt & Associates, also will serve on the advisory board of Financial Dynamics, FTI's strategic and financial communications subsidiary. (Sunspot.net -- Business)

    Flow International Completes Asia Investigation  Jan 17, 2007
    Counsel retained a forensic accounting advisor to provide accounting services to the investigation. The investigators have presented their final report, whose conclusions the Audit Committee and the Board of Directors have adopted. (PR Newswire)

    People on the Move  Jan 10, 2007
    Naden/Lean LLC appointed Andrew J. Runge director of valuation, litigation services and forensic accounting for the Timonium-based accounting and business consulting firm. Real estate. (Sunspot.net -- Business)

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