Adani Enterprises - Is Adani Afrod a Fraud?

A recent report called Adani Group, how the world's third richest man is pulling the largest con in corporate history. The independent auditor for Adani Enterprises and Adani Total Gas is a tiny firm called Shah Dandharia. Records show it pays the equivalent of $432 US dollars in monthly office rent. audit partners are as young as 24 and 23 years old when they began producing the audits.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

We dissect the AICPA's plan; Short seller Hindenburg Research reports that Adani Group had 23 and 24 year-old auditors sign off on financials. WSJ asks: "How can we make accounting cool?"; Biden vows to veto GOP plan to abolish the IRS; CPA exam takers down 25% since 2018; IRS too busy to replace old computers, suspends project

Sponsors
OnPay - https://cloudaccountingpodcast.promo/onpay
Relay - https://cloudaccountingpodcast.promo/relay
First Republic Bank - https://cloudaccountingpodcast.promo/firstrepublic

Need CPE?

Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com
Get CPE for listening to podcasts with Earmark CPE: https://earmarkcpe

(00:00) - Thank you to our sponsor, OnPay
(00:19) - Preview:
(01:01) - Introduction and some of what we'll cover this episode
(03:13) - NPR Marketplace interview with Adrienne Gonzalez and the struggle to find accountants
(10:30) - AICPA's town hall
(16:43) - Thank you to our sponsor, OnPay
(18:01) - Checking in on our live chat
(21:12) - Matt asks for ideas on how he should obtain his 150 hours
(27:47) - Thank you to our sponsor, Relay
(29:55) - Accounting Today article on CPA exam pass rates falling in 2022
(35:59) - GAO says IRS gave up on computer systems upgrade
(39:49) - Thank you to our sponsor, First Republic Bank
(40:35) - Republican bill to abolish the IRS
(43:15) - Lets talk about Adani Group's auditors
(46:20) - Tether releases latest attestation report
(48:51) - Nikole's voicemail and the Accounting High bracket
(51:32) - Company holds "funeral" for QuickBooks
(53:35) - Blake reads some listeners comments and feeback
(58:05) - Wrap up and the CAP is going ti Expensicon!
(59:46) - Classifieds
(59:48) - Client Hub
(01:00:24) - RightTool
(01:00:46) - Federal Tax Updates Podcast
(01:01:59) - How to advertise in these classifieds