5 Stocks Making Cash Feb 27, 2009
2% in the fourth quarter -- the largest drop ever in the 21-year history of tracking them -- Lennar has drawn the attention of the Fraud Discovery Institute, a forensic accounting site run by former stock felon Barry Minkow. FDI casts a critical eye on the transparency (or lack thereof) at Lennar's many joint ventures, claiming that the homebuilder is engaging in activities reminiscent of a Ponzi scheme. (MSNBC -- Business)
Bummer about those lost savings Feb 25, 2009
My sons Georgie and Niko, who had absolutely nothing to do with, and who had no knowledge whatsoever of, TMC's investment operations, are both exceptionally gifted at the kind of forensic accounting many of you may require. I invite you to contact them for reasonably priced counsel and execution. (Globe and Mail)
Stanford clients cant get cash, close accounts, receiver says Feb 23, 2009
In the statement, Janvey said he has hired outside lawyers, broker-dealer experts and experts in forensic accounting and electronic records to help him systematically gain control of Stanfords assets. Janvey is overseeing assets under Stanford management that could be as high as $50 billion, according to the SEC complaint. (Sydney Morning Herald -- Business)
CVS settles patient info investigation for $2.25M Feb 22, 2009
Kessler International is the leader in international corporate investigations, forensic accounting and computer forensics. Featured. (Yahoo News -- Pharmaceutical Industry News)
Economy Driving Demand, Adding Glamour to Accountant's Role Feb 22, 2009
"One of the key areas that will continue to trend upward is forensic accounting," Hildebrand adds. "When businesses start going under, especially the big-name companies, people want to dig into why it happened.". (Pekin Times, IL)
Radical revamp splits RBS in two Feb 22, 2009
Surely there will be forensic accounting into the massive losses being declared. Are they understated or overstated. (New York Post -- Business)
Central States Mortgage tries to move on Feb 14, 2009
The company s leaders hope to determine the exact amount of the losses through forensic accounting. For now, they re focused on running the business of handling mortgages and refinancing for a customer base of 250 credit unions in the Midwest. (Milwaukee Business Journal, WI)
New Expert Financial Fiduciary Forensics Team Helps Investors Recover Losses Feb 13, 2009
As a financial fiduciary forensic accounting team, McConnell and Steinwald provide. 100% principal review 100% controllable quality assurance Expert analysis, opinions, reports, and testimony. (Yahoo News -- Press Releases)
Cherry Bekaert & Holland expansion trail blazes south Feb 13, 2009
It merged this week with & Co., a 25-partner South Miami-Dade-based firm with a specialty in forensic accounting. Exact terms of the deal weren t disclosed, but Terry Aidman, Tampa-based Florida managing partner, called it a real merger with MPCF principals becoming CB&H partners. (Tampa Bay Business Journal, FL)
"I will not travel to Auschwitz" (119) Feb 12, 2009
What is in order would be an international, 100% transparent modern forensic accounting of the "Nazi Death Camps." We can pry the Nazi archives from the clutching fingers of the Holocaust Museum in DC (why is there a Holocaust Museum in DC, btw ... There is no reason any nation on Earth would not welcome a thorough, international and 100% transparent forensic accounting of the "Nazi Death Camps.". (Salon)
FTI Consulting buys London-based Forensic Accounting LLP Mar 30, 2008
continued its buying spree on Friday with the acquisition of a U.K. forensic accounting practice ... Forensic accounting is a specialty practice in accounting involving disputes or litigation ... Forensic Accounting is the seventh purchase FTI has made this year. (Baltimore Business Journal, MD)
My Turn: Darryl Neier Mar 25, 2008
Darryl Neier has spent years investigating economic crimes, first as a detective with the Morris County Prosecutor's Office and now at the Livingston accounting firm Sobel, where he's in charge of the 10-person forensic accounting and litigation support group. He talked with Star-Ledger reporter Greg Saitz in his office recently about financial fraud, the reasons behind it and the surge in popularity of forensic accounting to help discover such activity. (NJ.com -- Times)
SEC, IRS, Justice step up probe of banks, bond insurers involved in municipal bond investments Mar 6, 2008
Pagano, now partner-in-charge of the litigation consulting and forensic accounting group at Eisner LLP in New York, said he has seen such bid-rigging used on smaller deals, including one case where companies were seeking an exclusive contract to supply school buses to a municipality. Bank of America's most recent disclosure, dated Feb. 28, said the federal agencies are investigating possible anticompetitive bidding practices in the municipal derivatives industry. (San Diego Union-Tribune -- Business)
Isilon Systems, Inc. Announces Restatement of Certain Prior Period Financial Statements Mar 1, 2008
The Audit Committee, assisted by independent forensic accounting and legal advisors, has been conducting an independent review of certain sales to resellers and other customers to determine whether commitments were made that have an impact on the timing and treatment of revenue recognition and whether the Company's internal controls relating to revenue recognition are sufficient. The Audit Committee has identified errors in the Company's previous recognition of revenue. (PR Newswire)
DA urges vigilance on finances Feb 24, 2008
The firm is one of the largest forensic accounting firms in the Northeast, and has a speciality in investigating embezzlement. Even the most ethical people are tempted to steal if not monitored, Linker said. (The Citizen's Voice, PA)
TeleTech reports results of self-investigation Feb 21, 2008
TeleTech's audit committee and outside consultants -- the law firm of Weil, Gotshal & Manges LLP, and the Navigant Consulting forensic accounting firm -- looked into 4,246 equity awards to employees from TeleTech's 1996 initial public offering through August 2007. It found no willful misconduct nor any improper behavior by any company official. (Denver Business Journal, CO)
Schreiber linked Mulroney to Airbus, probe told Feb 15, 2008
Friday, February 15, 2008. Feb 14, 2008 07:37 PM Bruce Cheadle THE CANADIAN PRESS. (Toronto Star)
Scottsdale CPA trains students as financial sleuths Feb 7, 2008
The university's W.P. Carey School of Business this month begins offering Forensic Accounting for master's-level accounting students ... "It's become the sexy part of the industry," Epps said of forensic accounting ... In the first six weeks of Forensic Accounting, Epps will show his students how to analyze economic damages a business incurred in a fire. (AZCentral -- Business)
Brothel boss: The secret files Feb 6, 2008
Analysis of trash, 11,000 credit card transactions, video images from banks, forensic accounting, statements from prostitutes and old-fashioned surveillance all led to a 2004 raid on the Bridge Street brothel, according to the newly released documents. Related Stories. (Seacoast New Hampshire)
Tax Season Drives Demand for Accountants Feb 4, 2008
These services cover a wide range of specialties from basic accounting that analyzes revenues, costs, liabilities and assets, to forensic accounting that investigates white collar crimes. Government Accountant/Auditor. (Fairfax Chronicle, VA)
Issues close to the heart Feb 3, 2008
They have been given more manpower and better tools to do their job, such as forensic accounting capabilities. The ACA has increased its own investigation teams. (The Star Online, Malaysia -- News)
St. Petersburg accounting firms merge Jan 10, 2008
McClanathan has 30 years of experience, and Burg has spent the last 25 years specializing in forensic accounting and business valuation, the firm said ... The newly formed St. Petersburg-based firm is full-service, and provides accounting and business consulting that includes audit, tax, counseling, and forensic accounting. (Tampa Bay Business Journal, FL)
Fraud fighter Jan 9, 2008
Davis found a fledgling group of CPAs who were exploring the world of forensic accounting. The first meeting of the was "really lonely," Davis said. (South Florida Business Journal, FL)
Omerta Adopted in Muniland as Questions Keep Coming Jan 4, 2008
So then the municipality goes out and hires a law firm to do some forensic accounting to try and help it figure out how much it paid for a swap. Needless to say, it would have been easier to get this kind of basic information before the municipality agreed to do the deal in the first place. (Bloomberg -- Columnists)
Private detectives gain currency amid corporate rivalry Dec 25, 2007
Pune-based forensic accounting and fraud investigations firm Indiaforensic Consultancy Services Director Pradeep Akkunoor said they advise clients on risks associated with protecting their business secrets and performing due diligence checks, which, at times, veers into the thin line of ethical and non-ethical issues. "Yes, we do take such assignments from our clients but only in certain cases like performing due diligence on behalf of an investor. We do not provide any service of gathering... (India Times)
Read more... Dec 11, 2007
The company's broad range of services includes: auditing nting; tax planning iance; financial planning; management advisory; forensic accounting ation support; and information technology consulting. From its two offices in Bethesda, Maryland and Alexandria, Virginia, Bond Beebe brings trust, values, service, and imagination to every client engagement. (PNN Online)
Live! From New York Dec 11, 2007
"I just don't want to let anyone down." Bob Olstein, 66, got his start as a securities analyst covering forensic accounting in 1968 and soon after was ripping apart balance sheets for "The Quality of Earnings Report" newsletter. He started the Olstein Funds in 1995, and over the past 10 years, his 11. (SmartMoney)
Mayor: We dont do nursing homes Dec 7, 2007
However, nearly $600,000 of this money was paid to consultants to evaluate the facilities finances, including forensic accounting to examine the facilities past accounting records, and the state of the physical building. It s expensive and I consider it to be a non-issue, said Howard. (Malden Observer, MA)
MidOcean Partners Announces Partnership with Michael Beber to Build a Market Leading Global Professional Services Organization Nov 20, 2007
Prior to Lindquist, Mr. Beber was the Partner in Charge of BDO's Litigation Support and Forensic Accounting practice for Canada and a Senior Manager with KPMG. "We are delighted about the opportunity to partner with Michael to build an industry leading professional services organization," said Tyler Zachem, a Managing Director with MidOcean. "Michael is an innovative, motivated, proven executive that we have known for several years. The professional services industry has over $1 trillion of... (PR Newswire)
Graff returns to Tronconi Segarra in merger of accounting firms Nov 12, 2007
Graff changed the company's focus to business valuations, mergers and acquisitions, due diligence, forensic accounting and litigation support services. He operated the business from an office on Grand Island. (Buffalo Business First, NY)
Former Choice Hotels exec heads to Beers & Cutler Nov 8, 2007
The company's consulting practice provides services such as business information systems consulting, government contract consulting, transaction advisory services, forensic accounting and investigations, and higher education consulting. "He has consistently demonstrated the ability to build high performing teams that drive significant growth, and we are confident he will play a key role in the continued growth of the firm," said Beers & Cutler Managing Partner Ed Offterdinger in a statement. (Washington Business Journal, DC)
Investor Vote Tomorrow Over Control of Failed Bear Stearns Hedge Fund Postponed Amid Irregularities Nov 7, 2007
Shareholders in two separate feeder funds that channeled money into one of the failed funds, the Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage fund, have launched the campaign aimed at replacing Bear Stearns with FTI Capital Advisers, LLC, a FINRA-registered broker/dealer, and wholly-owned subsidiary of FTI Consulting, Inc., a world renowned entity specializing in forensic accounting and investigations. Should investors prevail, it will set the stage for an independent... (PR Newswire)
Video: Deloitte Forensic Center Study Reveals 'Fraud Control Gap' Nov 7, 2007
In addition to encouraging a public dialogue on these issues, the DFC also will contribute to the development of the forensic accounting profession and raise its profile in discussions of issues of public importance. The DFC will accomplish its goals by bringing together leading professionals from a wide variety of backgrounds including business, academia, law, government and regulatory affairs. (PR Newswire)
Another Cobb EMC lawsuit Oct 23, 2007
The six plaintiffs include former County Commissioner Joseph "Butch" Thompson, businessman Edgar "Bo" Pounds, a forensic accounting firm and three other customers of the co-op. They accuse the defendants of gross mismanagement, breach of fiduciary duty, self-enrichment and waste of corporate assets, related to the relationship between Cobb EMC and Cobb Energy. (Atlanta Journal-Constitution)
Beazer CEO in a tough situation, experts say Oct 13, 2007
And it could well cost Beazer CEO Ian McCarthy his job, according to one expert on forensic accounting and corporate governance. "The buck stops with the chief executive," said Barry Jay Epstein, a litigation consultant with Chicago-based Russell Novak This was such a huge departure from internal controls, and he's going to have to take the blame. (Atlanta Journal-Constitution -- Business)
KV to restate financials, Hermelin to repay $1.4M Oct 13, 2007
The investigation was performed by a committee of independent board members appointed by the company's board with the assistance of independent legal counsel and forensic accounting experts. Hermelin said in a statement: "The company does not take lightly the improper dating of options, and we are gratified with the committee's finding that there was no intentional misconduct. We remain committed to the highest standards of corporate compliance and governance.". (St. Louis Business Journal, MO)
Republicans Debate Economics Oct 10, 2007
For Republicans, the exercise is not such an exciting exercise in forensic accounting. All of them -- well, almost all -- are growing on us. (Human Events Online)
'Jesse' turns an outlaw into high art Oct 5, 2007
The narration actually contributes a florid but forensic accounting. We learn a lot about what James did without lifting the veil on who he was. (Boston Globe)
Sunrise Provides Status Report on Special Independent Committee Investigation; Provides Updates on Management's Internal Control Review Efforts and on Legal Proceedings Sep 29, 2007
In support of the investigation, WilmerHale engaged FTI Consulting, Inc. and Huron Consulting Group, forensic accounting firms, to provide technical accounting guidance and analysis, as well as to assist with document collection and review, interview support, and transaction review. The Special Independent Committee has now concluded the fact-finding portion of its investigation with respect to three issues. (PR Newswire)
Coherent Announces Restatement Related to Stock-Based Compensation Sep 28, 2007
As a result of the investigation, the Special Committee, with the assistance of independent legal and forensic accounting experts, determined that incorrect measurement dates for a significant number of stock option awards during the Relevant Period were used. Following such determination, the Company's management worked to determine the impact of the incorrect measurement dates. (PR Newswire)
Palo Alto charity says employee stole $350,000 Sep 23, 2007
After the woman's replacement found some inconsistencies around Aug. 1, Alexander said, the foundation called in independent forensic accounting investigators, who are still working on a report. Palo Alto police have been notified of the alleged theft and are investigating, Alexander said. (San Francisco Chronicle)
Boston consultancy to debut Austin office Sep 22, 2007
Andrien specializes in forensic accounting and intellectual property issues, among other areas. The Austin office has also tapped Paul Benoit, as principal and Greg Hallman, as senior consultant. (Austin Business Journal, TX)
Biovail Drops Collusion Suit Against Analyst, Bank Sep 10, 2007
Though the company alleged that Maris improperly and misleadingly quoted three forensic accounting experts hired by BAS to report on Biovail's accounting, a review of those reports by The Post shows that Maris accurately quoted their analyses, which ranged from critical to scathing. Biovail and Melnyk have also been sued by former BAS analyst Jerry Treppel, who claims the company smeared him after he issued a sell rating on its stock. (New York Post -- Business)
Dispute Between Broadcom and Qualcomm Provides Window Into World of Big IP Fees Sep 8, 2007
Some of Wagner's analysis included forensic accounting ... But Bowen noted that the rates for experts who conduct forensic accounting tend to cheese him off. (Law.com)
Forensic accountants and fraud detection Sep 3, 2007
FHMH forensic accounting expert Patrick McPhee said fraud detection entailed many aspects and the work scope was beyond what auditors have to do ... It is very much like a private detective, said McPhee, adding that in forensic accounting work, it required a different set of skills and experiences, besides accounting skills. (The Star Online, Malaysia -- Business)
Accounting firm expands into San Diego market Aug 29, 2007
In addition to auditing, the local Grant Thornton office provides tax, consulting, international tax and forensic accounting and other services. The company is targeting San Diego's life-science, technology and government contracting companies. (San Diego Union-Tribune -- Business)
Hedge Fund Hit Man Hired by Cohen, Loeb, Sender to Kill Stock, Says Firm Aug 25, 2007
After more than a year of forensic accounting, Gahan says Contogouris was right: Something was rotten at Fairfax. Gahan says Fairfax improperly lowered its U.S. tax bill in 2003 when it consolidated a reinsurance unit called Odyssey Re Holdings Corp. into its U.S. tax group. (Bloomberg)
Selectica Announces Findings of Special Committee and Remedial Measures Aug 25, 2007
The Special Committee was assisted in the investigation by independent legal counsel who retained independent forensic accounting consultants. On July 18, 2007, the Company announced that the Special Committee had preliminarily concluded that the actual measurement dates for financial accounting purposes of certain stock options granted primarily during fiscal years 2001-2005 differ from the recorded grant dates of such awards. (PR Newswire)
Fraud: The risk that still defies financial controls Aug 15, 2007
Theres a saying in the industry that people will pay us 1m to investigate a fraud, but not 5,000 to prevent one, reflects Raj Bairoliya at London-based specialists Forensic Accounting ... But once they see theyve got away with it once, they begin to make less effort, says Forensic Accountings Bairoliya ... KPMG forensic accounting director Hinesh Patel suggests that record levels of personal debt may be one factor driving more people to attempt fraud, even with the increased detection... (Accounting Web, UK)
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)
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)
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)
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)
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)
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)
