SEC charges Pennsylvania city with securities fraud

May 9, 2013 

SEC charges Pennsylvania city with securities fraud

Federal regulators have accused fiscally beleaguered Harrisburg, Pa., of issuing misleading financial statements in what marks the second time just this year that a municipality or state has been charged with securities fraud.

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May 1, 2013 

KPMG’s Insider Trading Scandal: A Watershed for the Auditing Profession?

Recently, a KPMG senior audit partner leaked privileged client information to a "golfing buddy." This is not just another accounting or insider trading scandal. This event is different, and just may be a watershed for investors and the auditing profession. Grumpy Old Accountants provides commentary on contemporary accounting, auditing, and financial reporting issues. It is…