Skip to comments.Exclusive: U.S. probing failed broker PFGBest's use of small auditor (chicago style)
Posted on 07/12/2012 4:28:06 PM PDT by dynachrome
U.S. futures industry investigators are looking into why Iowa-based collapsed brokerage PFGBest used a tiny accounting firm that appears to be operating from inside a suburban Chicago home to audit its books, according to a person familiar with the matter.
Experts said the use of such an auditor should have been a red flag to regulators of a futures brokerage with more than $500 million in assets and several hundred employees across the United States as well as in Shanghai and Canada
(Excerpt) Read more at articles.chicagotribune.com ...
H/T to Ann Barnhardt
Should have used Arthur Andersen. They have expert auditors. Such clients as : DeLorean Motor Company,
Willie Nelson, Enron.
AA is the audit experts !!!!
Oh, wait a minute. They collapsed and went out of business.
Never mind !!