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ARTHUR ANDERSEN LLP.- USA.
David B Duncan,Partner, was dismissed for ordering the destruction of thousands of documents and E-Mail messages of ENRON CORPORATION.
ERNST & YOUNG:
Whistle Blower,ex-partner Amjad Rihan is suing former employer ERNST & YOUNG,who exposed and accused E &Y
of "Unlawful","Unprofessional" and "Unethical" of its relationship with a Dubai Firm that was allegedly involved in money laundering and buying Gold from conflict Zones.
KPMG FIRED and an employee and five partners for failing to act on dangers posed by a tipster and the involved partners and failed to report the situation in a timely manner.Also there was conflict of interest.
KPMG-South Africa-Gupta Scandal.
The auditing firm executives failed to recognise the Red-flags in its auditing of the companies owned by the Gupta Family.
PRICE WATERHOUSE (PWC)-india
Price waterhouse was found guilty in the multi crore Satyam Computers ,software company,scandal and has been barred by SEBI-Securities and Exchange Board Of India.The regulator has barred PWC net work entities from issuing audit certificate to any listed company for two years.Of Course PWC is trying to get a stay against the order.SEBI has said that PWC had ignored the Red flags and failed to live up to the expectations of the shareholders.
DELOITTE & TOUCHE -Canada
The Court upheld a landmark decision of 2014 against Deloitte & Touche that ordered the accounting firm to pay $118 Million for damages for its negligence in the audit work in the case of Livent Incorporation.