Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
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Tax Guru-Ker$tetter Letter
Saturday, August 10, 2002
Drive-By Audits
Here's a good explanation of how the big CPA firms have been cutting corners in their auditing assignments and letting their clients get away with some seriously improper accounting. There are also some good suggestions for improving the quality of certified audits.
We'll have to leave it to the courts to decide if this qualifies as official malpractice; but it sure sounds like it. When I was in college, there were the Big 8 CPA firms. I'm not sure how many of them will be left in a few more years after paying out for their lousy auditing.
KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 8/10/2002 01:41:00 PM Send this post:
