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>> “customer revenue” account controlled solely by the CEO > I cannot fathom a VP of Finance, let alone an outside accounting firm, that would be OK with this
by squashua667 6y ago
>> “customer revenue” account controlled solely by the CEO
> I cannot fathom a VP of Finance, let alone an outside accounting firm, that would be OK with this arrangement of accounts.
Right? Then again, EY audited everything and gave those fake bank statements the "thumbs up" as part of the last round of funding and due diligence on the part of the investors. Crazy.
- toomuchtodo 6y agoWasn't EY also the firm who audited Wirecard? Why is anyone taking their audits seriously? https://markets.businessinsider.com/news/stocks/ey-chairman-expresses-regret-over-wirecard-audit-failures-2020-9-1029591270 https://markets.businessinsider.com/news/stocks/ey-chairman-...
- ev1 6y agoEY were also the ones that audited and passed WoSign and StartCom SSL CA's that were fraudulently issuing bad certs and violating CAB regulations.