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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: accounting firm

accounting firm stories: 3 news summaries

Accounting Firm Faces $2B in Lawsuits in Madoff Scam

PricewaterhouseCoopers Canada slapped with 7 lawsuits

Aug 23, 09 8:04 AM CDT
(Newser) - The Canadian branch of the world’s largest accounting firm is facing seven lawsuits for up to $2 billion on behalf of investors who fell victim to Bernard Madoff, the Telegraph reports. PricewaterhouseCoopers Canada was the auditor of a feeder fund, Fairfield Sentry, that directed cash to the Ponzi schemer.... More »

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accountants • accounting • lawsuit • Ponzi scheme • accounting firm • Bernard Madoff

OPINION

Madoff Scam Proves Wall St. Incompetence

Drastic regs needed, and be sure financial firms will resist

Dec 17, 08 2:20 PM CST
(Newser) - If the Bernard Madoff scandal teaches us anything, it’s that Wall Street’s masters “aren’t just too clever by half,” writes Steven Pearlstein in the Washington Post, “they’re not clever at all.” They didn’t just get “bamboozled by a con artist,... More »

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fraud • accounting firm • Steven Pearlstein • Bernard Madoff • ratings agencies

Bankrupt Lender's Audit Lapses 'Mind Boggling'

Bankrupt subprime lender, auditor ripped in report on business practices

Mar 27, 08 8:23 AM CDT
(Newser) - Auditors at now-bankrupt New Century Financial—once one of the nation’s largest subprime lenders and one of the earliest to fail—were accused of “mind boggling” lapses in a Justice Department report on the debacle released yesterday. Partners at accounting firm KPMG are said to have ignored... More »

MORE ABOUT:
Department of Justice • bankruptcy • credit crisis • Enron • subprime crisis • New Century Financial • subprime lender • KPMG • Arthur Anderson • accounting firm

3 Stories


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