Financial Reporting Highlights

Contact Sander Abernathy at sander@sanderabernathy.com or 404 229 4045

There was an article I found interesting in the WSJ yesterday.  It details a study by Stanford law professor Joseph Grundfest, who was previously a board member of the SEC, and Nadya Malenko, a doctoral candidate at the Stanford Graduate School of Business.  The study looked at reported EPS in nearly a half-million earnings reports over [...]

The linked article by Barrons and Propublica.org details the allegations facing two of the largest second tier firms, McGladrey & Pullen (No. 5) and BDO Seidman (No. 7).  BDO Seidman already had a $522 million judgment levied against it for its audit of ES Bankest LLC; a Florida factoring firm that was looted by management.  Now [...]

Here’s an interesting NY Times article about accounting fraud at Archway which was owned by a private equity firm. It just goes to show that public companies aren’t the only ones that run into accounting problems.