Here’s an interesting story coming out of Dallas: Embattled multi-level marketing firm Mannatech has fired its independent auditor, Grant Thornton, after the auditor gave the company an ultimatum: Remove Chairman and founder Sam Caster from the company or find yourself another auditor. So they found themselves another auditor, BDO Seidman, and let Grant Thornton go.Continue reading “Grant Thornton insists client remove Chairman, is removed as auditor”
Category Archives: Auditing
Who audits Google?
Sometimes I wonder to myself who audits this company or that one. I thought I was the only one, but apparently I’m not. I track search terms used to arrive at this site using 103bees.com. It’s a good complement to Google Analytics. One of the latest questions someone asked, and came to my site seekingContinue reading “Who audits Google?”
Sucks to be Seidman
By now, the verdict in the BDO Seidman lawsuit has been covered by all the major industry blogs. All the heavyweights have registered their opinions in this great swirling mass known as the blogosphere. The mainstream media has tossed it around this way and that. There is near unanimity amongst all commenters: Sucks to beContinue reading “Sucks to be Seidman”
Audit choice and competition in UK and G8
Jeremy Newman of BDO Stoy Hayward, highlights a key finding of the British Oxera Report on Audit Choice and Competition: According to the report by Oxera on Competition and Choice published in April 2006 more than 70% of FTSE 100 companies had not held a competitive tender for the last 15 years. The incidence ofContinue reading “Audit choice and competition in UK and G8”
Reflections on the week just past
This past week has been an interesting one. I’m at a client for the third year now. This is the first time that’s happened, which makes sense since I just began the third year of work after graduating. Some reflections on the milestone: The first year I was green. I had about a week ofContinue reading “Reflections on the week just past”