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  • PricewaterhouseCoopers a Defendant in Two Lawsuits Over Audits

    In the last week Big Four auditing firm PricewaterhouseCoopers has been sued over its performance of audits of companies with massive frauds. First, PwC was named as a defendant in a suit filed by the Federal Deposit Insurance Corporation as […]

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  • On Becoming a Big 4 Audit Partner

    This was left as a comment to an article here, but I didn’t want it to get lost in the shuffle. It gives good insight on becoming a partner at a Big Four firm. I joined PwC as a director, […]

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  • Green Mountain Coffee: Accounting Irregularities and Other Concerns

    A couple of weeks ago, David Einhorn bashed Green Mountain Coffee Roasters (NASDAQ:GMCR) in a 110-slide presentation called “GAAP-uccino” at the Value Investing Conference, sending the company’s shares down. The stock opened at $91.66, and closed at $82.50 the day […]

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  • Overstock.com: The Circus Continues

    Sam Antar has often referred to Overstock.com and CEO Patrick Byrne as the gifts that keep on giving. And he sure is right! There is never a dull moment when it comes to wacky conspiracy theories and accounting woes that […]

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  • Bailout Head Neel Kashkari Wants Transparency (Except When He Doesn’t)

    It’s been widely reported that Neel Kashkari, Goldman Sachs alum and head of the $700 billion bailout, has said he wants transparency in administering the whole process. He is quoted as saying: “Consistent with Congress’ intent, we are committed to […]

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  • Auditor Liability in Market Meltdown?

    It should come as no shock to anyone that lots of fingers are being pointed related to Wall Street’s meltdown, and specifically related to the banking industry. And auditors are likely to find themselves the targets of lawsuits. Auditor malpractice […]

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  • Fox Guarding the Henhouse: Big 4 Auditors Chosen to Oversee Bailout Bill

    PricewaterhouseCoopers LLP (PwC) and Ernst & Young (E&Y) have been chosen by the United States Treasury to help oversee the $700 billion bailout plan. CFO.com reports:

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  • The Cost (and Risks) of Becoming an Audit Partner

    Ever since my days as a staff auditor at Arthur Andersen, I’ve wondered what it costs to become a partner at a large firm. It’s obviously not something that is widely discussed with staff, so the youngsters all remain clueless. […]

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  • Overtime Lawsuits For Big Auditing Firm: Could It Lead to Problems For Other Firms?

    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 […]

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  • Morningstar on PricewaterhouseCoopers and Usana

    Today (bold added by me): USNAannounced Wednesday that PricewaterhouseCoopers has been hired as the company’s new independent auditor. We are encouraged by this news as we view PwC’s new role as a sign of Usana’s financial legitimacy; however, we are […]

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