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Are Financially Constrained Firms Bad Audit Clients?
Audit assurance becomes more valuable for financially constrained businesses as they face operational and financial uncertainty.
By
Ahmet Kurt
| February 7, 2023
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Bankrate
Risk & Compliance
Ex-Bankrate CFO Gets 10 Years for $25M Fraud
Edward DiMaria argued the fraud amounted to only an “incremental smoothing of earnings” but prosecutors said he "blatantly manipulated" Bankrate's earnings.
By
Matthew Heller
| September 26, 2018
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Risk & Compliance
Ex-Bankrate CFO Pleads Guilty to $25M Fraud
Edward DiMaria will be sentenced in September for using "cushion" accounting to inflate Bankrate's reported revenue and earnings.
By
Matthew Heller
| July 2, 2018
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Risk & Compliance
Ex-Bankrate CFO Charged With Criminal Fraud
Edward DiMaria allegedly used "cushion" accounting and other methods to manipulate Bankrate's reported revenue and earnings.
By
Matthew Heller
| December 22, 2017
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Risk & Compliance
Bankrate Settles SEC’s Accounting Fraud Charges for $15 Million
The online personal finance publisher's former CFO is implicated in charges that include fabricating revenues
By
Katie Kuehner-Hebert
| September 8, 2015
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Risk & Compliance
Publisher Reveals SEC Probe and CFO Departure
Online publisher Bankrate under investigation for improper financial accounting during 2012; CFO steps down.
By
Iris Dorbian
| September 16, 2014
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