Unregistered audits criticized
The director of the Oklahoma Accountancy Board is warning businesses not to make financial decisions from audit opinions issued by firms not registered with the state. Executive Director Randy Ross said several unregistered firms have issued audit opinions on Oklahoma-based companies. “Registered firms go through a rigorous peer review process to monitor compliance with professional auditing standards. Without such monitoring, the reliability of any audit opinion is in question,” he said. Ross said applications at banks, grants and other company business transactions may be impaired by the submission of financial statements audited by an unregistered firm.
Investor program is extended
The Investor Education in Your Workplace program in Oklahoma will be extended to 500 additional people, the Investor Protection Trust and Investor Protection Institute said Wednesday. The 10-week program, running May to August, is open to military personnel and their families, and employees within the nonprofit, education and health care sectors. Register for an informational webinar at www.ieiyw.com/webinars.
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