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By firmly innovating new products. "Koss Corporation" Please respond to the following: From the case study, contrast the responsibilities of the independent auditor and board of directors with the responsibilities of Koss.
This case involves Koss' s preparation of materially inaccurate financial statements, books and records, and lack of adequate internal controls from fiscal years through Former Koss Corporation Executive Charged in $31 Million Dollar Fraud U.S.
Attorney’s According to United States Attorney James L. Santelle “this case is one of the largest embezzlement cases ever brought in this district, and demonstrates the ongoing commitment of this office and the FBI to investigate and prosecute white collar.
Being an entrepreneur can sometimes feel like we put out lives on the line for our business. Michael Koss, co-founder and CEO of Global Patient Portal, does this literally. His business takes him to some of less affluent areas of India, where he is often subjected to food poisoni.
on their website, “The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect the interests of investors and further the public interest in the preparation of informative, accurate and independent audit reports.” (wowinternetdirectory.com).
I have been criticized for “defending” Grant Thornton, the auditors of Koss Corp, which has suffered a fraud loss of at least $31 million at the hands of the company’s Vice President of Finance, Sue Sachdeva.
In fact, my comments relating to this case are not a defense of Grant Thornton, in.Koss corporation case study