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    News and Articles on Forensic Accounting

    Archives: Forensic Accounting

    Secretary accused of embezzlement had 4 prior theft convictions  Jun 23, 2009
    That action triggered an eight-month investigation and a forensic accounting revealing McLoughlin stole over $80,000 by writing checks to herself and relatives, all backed by law firm funds, police allege. She reportedly used the money to make car payments, buy heating oil, pay off credit cards and for other personal bills, according to court records. (Seacoast New Hampshire)

    Secretary's theft led to lawsuit against attorney, say police  Jun 20, 2009
    That action triggered an eight-month investigation and a forensic accounting that revealed McLoughlin stole over $80,000 by writing checks to herself and relatives, all backed by law firm funds, police allege. She reportedly used the money to make car payments, buy heating oil, pay off credit cards and for other "personal bills," according to court records. (Seacoast New Hampshire)

    Transportation bill takes McGrath Highway out of DCR hands  Jun 19, 2009
    Legislators touted a number of apparently good-government reforms in the bill, including forensic accounting during the transition, crackdowns on outside consultants, and reduced reliance on swaptions and similar financial instruments. A copy of the compromise bill was not available at press time. (Somerville Journal, MA)

    Card rort findings sent to regulator  Jun 16, 2009
    The report was prepared by the HSU's solicitors, Slater and Gordon, and included findings of an audit carried out by a forensic accounting firm, BDO Kendall. A section of the report dealing with the cash advances said the auditors had been unable to find out what use was made of the cash and unable to conclude whether every withdrawal had been appropriately documented. (Sydney Morning Herald -- Australia)

    Stanford Lawyers Blast Receiver's $20 Million Request  Jun 6, 2009
    The receiver's request covers bills for lawyers, a public relations firm and a forensic accounting firm that did work for him early in the case. But Stanford is accusing Janvey of wasting money and mishandling the estate with plans such as selling assets like Stanford's yacht, the Sea Eagle, at cut-rate prices, according to court papers. (ABC News -- Wire)

    Madoff review targets SEC e-mails  Jun 2, 2009
    Kotz, who said his investigation should be completed in August, wrote that he ordered e-mail providers to preserve the personal accounts of "several individuals." He hired a consulting firm with expertise in forensic accounting to review reports produced by the Office of Compliance Inspections and Examinations. The examinations office inspected Madoff's firm seven times in 11 years, the report said. (Boston Globe)

    SingerLewak's Enterprise Risk Management Services (ERMS) Practice Selects AverQ's On Demand Collaborative Engagement Platform  May 24, 2009
    Renuka Shankar, Founder and CEO, AverQ, Inc. added, "With companies increasingly considering software as a service (SaaS) platforms for various business processes, having independent attestation from leading firms like SingerLewak is critical for higher confidence and assurance, which ultimately will lead to accelerating the adoption of such services. AverQ also applauds SingerLewak for offering a forum for CFOs, in which to dialogue the trend of SaaS adoption and cloud computing services. We... (Yahoo News -- Press Releases)

    The forensics behind accounting  May 23, 2009
    Berecz, who started at the university in 2007, and his Georgia Southern colleagues are bringing their number-crunching know-how to Atlanta for a fraud and forensic accounting conference Thursday-Saturday at the J.W. Marriott Hotel in Buckhead ... Forensic accounting permeates through all of those other categories of accounting, Berecz says ... Q: How many forensic accounting programs are there like the one at Georgia Southern. (Atlanta Journal-Constitution -- Business)

    GSI Group Reports Progress on Revenue Recognition Review, Update on Status of Nasdaq Delisting Proceedings, Notice of Formal SEC Investigation, 2008 and First Quarter 2009 Bookings, Additional Cost Reductions, Impairment Charges and Discussions with Lenders  May 20, 2009
    May 19 /PRNewswire-FirstCall/ -- GSI Group Inc. (Nasdaq: , the "Company") announced that the Company's Audit Committee of the Board of Directors (the "Audit Committee"), with the assistance of its independent legal counsel and forensic accounting firm, recently concluded its previously announced review of sales transactions in the Company's Semiconductor Systems Segment and other sales transactions that contain arrangements with multiple deliverables, for fiscal years 2006, 2007, and 2008 ...... (PR Newswire)

    AlixPartners opens office in D.C.  May 14, 2009
    The firm s fourteenth office, located at 1602 L St. NW, will provide such services as litigation discovery, forensic accounting and information management. Michael Faraci and Susan Markel will serve as managing directors in the D.C. office, which employs about a dozen people. (Washington Business Journal, DC)

    Schreiber likely used Airbus funds to pay Mulroney, inquiry told  May 7, 2009
    OTTAWA A forensic accounting report has raised tantalizing questions but produced no conclusive answers about the financial links between businessman Karlheinz Schreiber and former Conservative prime minister Brian Mulroney. The report, tabled at a public inquiry Wednesday, indicates that money Mr. Schreiber earned as a middle-man in the controversial 1988 sale of Airbus jets to Air Canada probably flowed later into a Swiss bank account code-named Britan. (Globe and Mail)

    Major income sources to fund strategic plan  Apr 28, 2009
    Kvet mentioned forensic accounting in the business school and criminal justice as part of these programs. According to Kvet, summer school can also contribute to the revenue. (The Maroon, LA)

    Mesirow Financial Consulting's Melissa Kibler Knoll Named President-Elect of the American Bankruptcy Institute  Apr 16, 2009
    Her experience also includes a broad array of work in the fields of litigation support, forensic accounting and expert testimony. About Mesirow Financial Consulting. (PR Newswire)

    Searching for fraud a growing specialty in accounting  Apr 7, 2009
    More businesses seek skills of forensic accounting specialists ... It might not be as exciting as an episode of CSI, but the growing field of forensic accounting has plenty of drama and high stakes. (Milwaukee Business Journal, WI)

    Parente Randolph merges with Lazar Levine & Felix, Lazar Lipton (2)  Apr 2, 2009
    Over the years, Parente Randolph has gained a reputation for excellence in providing a wide array of services businesses require to compete in today s fast paced environment including assurance services, tax services, corporate finance & valuations, corporate governance and risk management, employee benefit plan audits, forensic accounting and litigation services, benefits administration and HR consulting services, business systems consulting, and healthcare consulting. In joining with, Lazar... (Wellsboro Gazette, PA)

    Five tips for combating fraud in the recession  Apr 1, 2009
    Will Kenyon of PriceWaterhouse Coopers forensic accounting practice outlines how firms can protect themselves against financial crime. Around half of UK companies have suffered financial crime, according to PricewaterhouseCoopers Global Economic Crime Survey 2007, and the average total cost to victim firms is in excess of 2 million. (Accounting Web, UK)

    Forensic accountants key in the fight against fraud  Mar 29, 2009
    "We look at documents, we look at e-mails, we do interviews," said Mr. Forster, a partner with KPMG in Philadelphia who leads the firm's mid-Atlantic forensic accounting practice ... As the economy plummets, forensic accounting is one field that is expected to grow ... Forensic accounting is now the most popular specialty in Duquesne University's master of accountancy program. (Pittsburgh Post-Gazette, PA)

    Parents seek answers from church officials on money situation at St. Vincent Ferrer  Mar 29, 2009
    Parents who asked not to be identified said church officials told them this year that a multimillion-dollar account in the school's name had been discovered in the forensic accounting process. If that is the case, some parents are wondering whether, in a time of hardship, some of that principal can be used to cover budget shortfalls. (The Palm Beach Post)

    Judge agrees to independent examiner in DBSI case  Mar 15, 2009
    as to the need for an independent examiner and a forensic accounting in the bankruptcy case of DBSI, a Boise, Idaho-based investment firm. Monica Lindeen, Montana state auditor and securities commissioner, said that DBSI investors throughout the country pooled their money in 10 and 15 increments to pay for Hill's travel expenses. (Montana Standard, MT)

    Plea by Madoff is near, lawyers suggest  Mar 7, 2009
    Harbeck would not disclose how much money was sent to the first investors to get checks, but he said they deposited cash and never made a withdrawal, making the forensic accounting very simple. This article appeared on page C - 2 of the San Francisco Chronicle. (San Francisco Chronicle -- Business)

    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)

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