topleft
topright

Login or Register


Featured Blogger

Facebook Access, Smartphone Options Over Salary?
James Finnan

Red-Hot Thread

"The corporate brand is not only used to improve competitive positioning and express company aspirations, it can also be a powerful tool to motivate employees."

Latest Forum Posts

Chanel handbags autumn
in CFO Profiles & Perspectives by feishusong, 17-11-11 04:48
Re:If Women Were in Charge...
in Your Career by liliwang, 16-11-11 20:23

CFOZone Experts

Opinions and views from expert CFOZone members.

Tag >> McGladrey & Pullen
Oct 05
2010

Two accounting firms fined $1.7 million for audit

Posted by Stephen Taub in McGladrey & Pullen, LLP, complianceCommodity Futures Trading CommissionCFTCauditAccounting

Stephen Taub

Two accounting firms agreed to pay a total of $1.7 million and a certified public accountant (CPA) agreed to a permanent bar stemming from Commodity Futures Trading Commission charges of failing to audit properly a client that was earlier accused of fraud and misuse of customer funds.

According to the CFTC, McGladrey & Pullen, LLP and Altschuler, Melvoin & Glasser LLP and partner G. Victor Johnson II failed to properly audit Sentinel Management Group, a Northbrook, Ill.-based futures commission merchant that declared Chapter 11 bankruptcy in August 2007. M&P acquired assets relating to AMG's audit practice in 2006.



Copyright © 2009- CFOZone. All rights reserved. CFOZone is a property of PSN, Inc.