PCAOB Reopens Auditor Rotation Issue
September 8th, 2011
August 2011 On August 16, 2011, the Public Accounting and Oversight Board (“PCAOB” – the regulator of auditors of publicly-traded companies) issued a concept [...]
Government and Regulatory Investigations Articles
SEC Inspector General Report Shows Incompetence At Best, And Fraudulent Cooperation At Worst
September 17th, 2009
September 2009 The Madoff scandal is the largest financial fraud to have ever occurred. The U.S. Securities and Exchange Commission (SEC) Office of Inspector General [...]
Former Madoff CFO Pleads Guilty, Pledging Cooperation That Will Help Both Criminal And Civil Cases
August 17th, 2009
August 2009 One of Bernard Madoff’s lieutenants, Frank DiPascali Jr., pled guilty last week to ten federal felony counts and settled an SEC complaint. Of [...]
More Resources Will Be Allocated To Financial Fraud Initiatives
February 17th, 2009
February 2009 Government resources are usually allocated based on the political sentiment of the day. Those in charge of investigations understandably want to show that [...]
DOJ’s McNulty Memo In Evaluating Corporate Cooperation Is No Longer DOJ Policy
July 17th, 2008
July 2008 Cooperation with prosecutors by a corporate suspect has previously been one of the means of determining whether an indictment will be filed, and [...]