A former controller at HealthSouth has become the 17th executive of the health services concern to be indicted in a massive accounting scandal, which the company has been charged of overstating earnings by nearly $3 billion. Hannibal Sonny Crumpler, who served for eight years as controller of HealthSouth's operating division, has been charged by prosecutors of wire, mail, and securities fraud for allegedly working with others to falsify the company's financial records. In 2002, Crumpler served as chief financial officer at Source Medical Solutions, a unit of HealthSouth, and during that time was alleged to have signed an audit that overstated by millions, the amount owed to HealthSouth. If convicted, Crumpler could face a 15-year prison sentence and a fine of $1.3 million. Next week, the jury selection process will begin in the trial of former HealthSouth chief executive Richard Scrushy.
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The resurrected version of former accounting giant Arthur Andersen plans to go public, submitting a draft registration statement with the SEC.
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Semple, Marchal & Cooper LLP has filed suit against the BDO Alliance and its chairman after it was ejected from the alliance.
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The Public Company Accounting Oversight Board posted new downloadable datasets related to Part I.A and Part I.B deficiencies.
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The Top 25 Firm is expanding in Ohio by adding a firm that specializes in serving McDonald's franchises.
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The American Institute of CPAs is volunteering to provide its assistance in light of its own efforts in the digital assets space.
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