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Federal regulatory agencies have repeatedly issued sanctions and fines against BKD, the small Midwestern accounting firm that for 13 years was chief auditor for the Clinton Foundation’s operations, according to an investigation by The Daily Caller News Foundation.
BKD ranks in the bottom half of all auditing companies in the United States, with reported revenue of $500 million. That compares to accounting leader Deloitte, LLP, which billed nearly $15 billion in revenue. BKD employs 1,523 professionals nationwide, while Deloitte has 64,884 professionals worldwide.
BKD has made news in other ways, however. It was indicted by the Securities and Exchange Commission and the Federal Depository Insurance Corporation for “unprofessional conduct” and “gross negligence,” according to federal court documents
And the Public Company Oversight Accounting Board (PCOAB), the nation’s top federal oversight agency for American accounting firms, reported that BKD violated auditor independence rules over the years, which its inspectors reported as “significant deficiencies.”
President Clinton chose the Little Rock, Arkansas office of BKD in 2001 during construction of his presidential library there. Even then there were signs of conflicts of interest as BKD was also the auditor for the construction company’s parent company. In addition, the parent company’s chief financial officer also served on BKD’s official management committee.
Nevertheless, the Clintons kept BKD and retained it after the foundation dramatically altered its mission to fight global problems and its assets reached $200 million.
The BKD office in Little Rock also was embroiled in a major Arkansas scandal of its own making. Federal regulators blamed BKD for the sudden 2010 collapse of a Batesville, Arkansas savings bank after only five years of operation. Federal Deposit Insurance Corporation (FDIC) regulators accused BKD of failing to discover a fraudulent bond deal that cost the bank $19 million, which exceeded all of its assets.
FDIC regulators hauled BKD into U.S. District Court for Eastern Arkansas in December 2013, charging that its 2009 audit services contained “omissions constituting professional negligence, gross negligence and breach of contract by BKD.”
The Clinton Foundation also did not respond to requests for comment by TheDCNF.
originally posted by: jadedANDcynical
Who would have thought that an entity such as the Clinton Foundation would employ such a company to audit its books?
BAIRD, KURTZ & DOBSON, LLP
25 June 2001 (about 15 years ago)
LIMITED LIABILITY PARTNERSHIPS
J. SCOTT GOLAN
312 WALNUT STREET, SUITE 3000, CINCINNATI,OH 45202
Directors / Officers
J. SCOTT GOLAN, agent, 16 Jul 2015-
STEVEN B RAFFERTY, incorporator
Entity Number 1238655
Business Name BAIRD, KURTZ & DOBSON, LLP
Filing Type LIMITED LIABILITY PARTNERSHIPS
Original Filing Date 06/25/2001
Location: County: State: MISSOURI
Agent / Registrant Information
J. SCOTT GOLAN
312 WALNUT STREET, SUITE 3000
Effective Date: 07/16/2015
Contact Status: Active
STEVEN B RAFFERTY
Inactive Fort Smith, AR — Previous Partner for Bkd, Llp
Texas in 2001 Texas in 2008 Texas in 2003 New York in 2002
15 Years in Business
1 Officers Found
Leslie E. Robertson Associates
The New York office of LERA is located at 40 Wall Street, The Trump Building in the Financial District of Manhattan.
LERA has provided the structural design service for several of the world's tallest building structures, including the Shanghai World Financial Center and the World Trade Center in New York City. Other prominent structures designed by the firm include the Bank of China Tower in Hong Kong, the Bitexco Financial Tower in Ho Chi Minh City, Vietnam, Four World Trade Center in New York City, the Museum of Islamic Art in Doha, Qatar the Clinton Presidential Center in Little Rock, Arkansas, The Broad in Los Angeles, and the Columbia University Medical Center Graduate Education building, and the Jacob K. Javits Convention Center renovation.
New York Department of State
Filing Type: Domestic Professional Corporation
State: New York
State ID: 416276
Date Filed: Monday, November 29, 1976
DOS Process Leslie E. Robertson Associates Consulting Engineers P.C.
Source Record NY DOS
Source Date Type Note
[New York Department of State] 11/29/1976 Name History/Actual Skilling, Helle, Christiansen, Robertson, P.C.
[New York Department of State] 1/7/1983 Name History/Actual Robertson, Fowler & Associates P.C.
[New York Department of State] 6/4/1987 Name History/Actual Leslie E. Robertson Associates Consulting Engineers P.C.
originally posted by: UnBreakable
Is this really a surprise? All phases of the Clinton's dealings are incestuous between everyone involved from the top to bottom of any of their endeavors. They have all their bases covered, all the time. They can involve scandalous auditors without fear of any blowback. You can go all the way back to Whitewater and even before. The Clintons are truly untouchable.
originally posted by: BO XIAN
a reply to: bobs_uruncle
I think she'd volunteer for the Anti-Christ job . . . if
she could figure out a convincing way to get a penis.
However, she seems perfectly gleeful to be a Jr such evil.