Busy Season is No Joke
The Accounting Podcast
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Theranos' Financial Struggles and Unfinished Audits
This chapter discusses the financial struggles of Theranos, including their inability to cover payroll, as revealed by former corporate controller Denise Yam. It highlights the ongoing disagreements with auditors KPMG and EY, leading to unfinished audits and delayed audit statements. The chapter also explores the lack of auditors and CFO at Theranos over the years and suggests that the big four consultants may have known about the issues but took no action.
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