BUT WAIT, THERE’S MORE! Clinton Foundation Auditor Has Troubled Regulatory History.
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.”
BKD — which stands for founders Baird, Kurtz & Dobson — also has been hauled into court by unhappy clients who have charged it with “malpractice” and the manipulation of accounting books.
For certain clients, malpractice might be a feature, not a bug.