Dec 20, 2010 | Accounting Frauds
The SEC issued two rules in September 2010, in order to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act). The rules affect the payment of bounties for revealing insider trading violations and requirements relating to audits...Aug 31, 2010 | Accounting Frauds
What would you do with $30 million? Well Sujata Sachdeva, the VP of Finance and Principal Accounting Officer at Koss Corporation bought designer clothes, furs, purses, shoes, jewelry, household furnishings, cars, did home improvement and renovations. The only...Aug 30, 2010 | Accounting Frauds
On August 26,2010; a New Jersey appeals court found sufficient evidence that KPMG was negligent in its audits of the books of Papel Giftware Inc. KPMG audited the books of the ceramic company, the acquirer, Cast Art Industries LLC., and its financial backers relied...