Fifteen years after his felony conviction for securities fraud, the New York State Education Department – Office of Professional Discipline is finally taking away Sam Antar’s CPA license. Sam pleaded guilty to three felonies in 1992. He didn’t renew his […]
Class action suits against auditing firms PricewaterhouseCoopers and Deloitte & Touche are raising questions about future lawsuits. Auditors are suing PwC because they say they were denied overtime pay and benefits, and the suit covers all associates and senior associates […]
A major natural disaster such as the California wildfires does more damage than just what you see. When the cleanup and restoration begin, there can be more trouble in the form of fraud. Isn’t fraud the last thing you should […]
One of the major selling points of the Sarbanes-Oxley Act of 2002 was the protection for whistleblowers. The legislation required public companies to put into place “anonymous reporting mechanisms” (like hotlines) so that employees could report suspected fraud without fear […]
69 auditors have been charged by the Securities and Exchange Commission with issuing audit reports on the financial statements of public companies without first registering with the Public Company Accounting Oversight Board. The SEC has named 37 unregistered audit firms […]
A public company which shall remain nameless is currently searching for new independent auditors. Is your auditing firm interested? Here are some notable facts about the company. Please email me if you’d like information on this new potential client!!! This […]
Yesterday, a judge ruled that the IRS was not entitled to see workpapers that were deemed work product. This is a very important ruling in tax matters. “Work product” is used in legal cases to protect papers that you don’t […]
This is Sam Antar’s final installment in his three part series on all the “unusual” things showing up in Overstock’s financial statements. Unusual because they don’t align with multiple statements made by CEO Patrick Byrne in a variety of interviews […]
From the 8-K filed today: Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On August 10, 2007, the Company received a Nasdaq Staff Determination letter indicating that the Company fails […]
This week’s Wisconsin Law Journal column takes a look at the Sarbanes-Oxley Act of 2002, which was put into law five years ago. The legislation has done some good things, but many have significant criticisms of it. The law was […]
