August 13, 2022

Auditor Denies That an Auditor Was Paid Too Much Money to Audit

Yes, even if it was Allen Stanford's auditor:

CAS Hewlett, an accountant in the Caribbean nation of Antigua where Stanford operated a bank and numerous other business interests, received $4.6 million for auditing services, said Morris Hollander, a certified public accountant who testified as an expert witness. “Are amounts paid for auditing these companies in any way extravagant?” asked defense lawyer Ari Fasel. Hollander said they weren’t.
For those wondering, Mr. Hollander is a partner at Marcum in Miami who, among other associations, is affiliated with the AICPA's Auditing Standards Board
 

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