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4 Feb 2010, 4:21 pm
After learning about the overpayment, Grant Thornton told Overstock.com that it must restate its prior financial reports to correct that error to comply with GAAP.On November 13, 2009, Overstock.com fired and vilified Grant Thornton, rather than restate its financial reports and later filed an "unreviewed" Q3 2009 10-Q that finally disclosed the overpayment to the fulfillment partner. [read post]
4 Feb 2010, 12:19 pm
RSMI’s 8% increase in revenue was a key factor in displacing Grant Thornton from sixth place, as Grant Thornton’s revenue went the other way, dropping by 9%.Seventh, and just behind RSM International is Grant Thornton International (losing that sixth spot), with combined global revenues of $3.6 billion from its 96 member firms for the year ended 30 September 2009. [read post]
2 Feb 2010, 5:18 pm
Thornton. [read post]
2 Feb 2010, 12:16 pm
My comments on the internal controls and Grant Thornton’s work: Tracy Coenen, a forensic accountant and fraud examiner at Sequence Inc. who has been following the Koss spectacle closely, notes that Koss had no formal internal audit function, and that certainly could have been a red flag to Grant Thornton that the quality of controls would be suspect. [read post]
2 Feb 2010, 2:55 am
Grant Thornton wanted Overstock.com to restate its financial reports, like I had called for in my blog. [read post]
28 Jan 2010, 6:02 am
There still are no clues as to how Sachdeva hid the fraud from Koss management and Grant Thornton (the auditors). [read post]
28 Jan 2010, 2:16 am
Grant Thornton wanted Overstock.com to restate its financial reports, like I have called for in my blog. [read post]
25 Jan 2010, 5:00 am
Grant Thornton, LLP, 368 F.3d 356, 370 (4th Cir. 2004); In re General Motors Corp. [read post]
25 Jan 2010, 12:14 am
Unlike you, Grant Thornton was not eager to please Overstock.com by going along with its financial reporting charades. [read post]
20 Jan 2010, 9:13 am
I have never worked for or with them, and I have never worked for or with Grant Thornton, the auditors. [read post]
17 Jan 2010, 8:00 am
More issues, and Grant Thornton was fired less than a year later. [read post]
8 Jan 2010, 9:49 am
Unfortunately, Grant Thornton's decision-making could not have been more ill-timed as we ran into SEC filing deadlines. [read post]
6 Jan 2010, 7:58 pm
At Daily Finance, I have written about why executives everywhere should fear a situation like this and why the auditors from Grant Thornton aren't necessarily to blame. [read post]
3 Jan 2010, 8:25 am
I don't really care if Grant Thornton did or did not review previously filed financial statements. [read post]
3 Jan 2010, 4:55 am
Grant Thornton won that RFP, and the Audit Committee selected Grant Thornton as our 2009 auditor. c. [read post]
30 Dec 2009, 5:01 am
And, in the end, what does Grant Thornton recommend? [read post]
29 Dec 2009, 5:20 pm
Updated Overstock.com (NASDAQ: OSTK) just hired KPMG as its auditors to replace Grant Thornton who was recently fired by the company, despite previous assurances by CEO Patrick M. [read post]
29 Dec 2009, 2:00 am
Grant Thornton’s annual statements specify that Koss did not contract with the accounting firm to conduct such reviews. [read post]
24 Dec 2009, 5:00 am
The Economist reported on a study by Grant Thornton about a decline in the competitiveness of US securities markets. [read post]
14 Dec 2009, 12:57 am
To the Securities and Exchange Commission: Last week Overstock.com (NASDAQ: OSTK) CEO Patrick M. [read post]
