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Title: Accounting Fraud
Words: 514
Three Accountants Face Charges of Securities Fraud Over Audit
"The Securities and Exchange Commission took the unusual step of charging three accountants, William Buettner, Mark Kirstein and Amy Frazier with securities fraud in connection with their audits of Allegheny Health Education & Research Foundation, a Pennsylvania nonprofit organization that filed for bankruptcy, reports the Wall Street Journal." These three accounts were senior accountants at Coopers & Lybrand LLP, now PricewaterhouseCoopers LLP, which are well-recognized companies in today's world. They were trying to cover up a mask deteriorating finances at Allegheny Health, according to the SEC. The charges are so large the SEC is taking the three to court. It's rare that we would sue accountants for fraud in federa ...
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