Tuesday, August 21, 2007

Who audits the auditors?

BDO Seidman, the auditing firm who three years ago won a five year contract to audit the DC Public School System, seems to be in a bit of hot water itself.
The accounting company hired by the city to help straighten out the books for its troubled school system last week found itself on the wrong side of a half billion dollar negligence verdict.

But the company insisted Monday that decision will not impede its ability to monitor the finances of the District schools and other city agencies.
BDO Seldman is also under investigation by the IRS.

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