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What Does Madoff's Auditor Say? No Answer

The tiny auditor of Bernard Madoff's Wall Street firm, at the center of an alleged $50-billion Ponzi scheme, is being investigated by the district attorney in a New York City suburb.

Friehling & Horowitz had signed off on the annual financial statement for Bernard L. Madoff Investment Securities LLC, according to Bloomberg News.

CFO.com's calls to the auditing firm's headquarters in New City, N.Y., were not answered yesterday.

"We're trying to determine if there have been any state crimes here," Rockland County District Attorney Thomas Zugibe told Bloomberg in a telephone interview. "When you have a key player like that operating in your county, you have to look."

What Does Madoff's Auditor Say? No Answer

Full post as published by inside Sarbanes Oxley on December 16, 2008 (boomark / email).