Oct 28, 2020 | Accounting Topics, General, News
Two senior executives, CEO Ramachandran Ottapathu and Executive Director Ismail Farouk, at Botswana supermarket chain Choppies Enterprises Ltd. are suing former auditors PwC for 653 million rand (~$40 million) for not signing off on the company’s 2018 accounts, which...Sep 23, 2020 | Accounting Frauds, General
When it rains it pours! Aurora Cannabis announced earlier in the month that the company was going to have over $1.8 billion in write downs in their fourth quarter and full year financial statements. They announced in a quite press release that the company had...Sep 3, 2020 | Accounting Frauds, General, News
Super Micro Computer, Inc concluded their settlement with the United States Securities and Exchange Commission (SEC), resolving an investigation into the Company’s financial accounting and disclosures for fiscal years 2014-2017. The company has already corrected for...Sep 3, 2020 | Accounting Frauds, Accounting Topics, General, News
The Wirecard fraud has cost EY a new customer! Deutsche Bank’s asset-management division, DWS, that went public in 2018 has decided to no longer use EY as its auditor. The reason being that DWS is concerned about getting involved in the potential lawsuits against the...Nov 10, 2017 | General, News
On November 10,1494, the first book about double entry systems was published by the Italian mathematician, Lua Pacioli, also known as the father of accounting. In his honor the day is celebrated as the International Accountants Day! To all fellow accountants, keep up...