Firms openly flout the prohibitions regarding audit partner compensation tied to business development and still struggle mightily with enforcement of legal and regulatory compliance activities such as independence and rules against insider trading.

FORBES: PCAOB Auditor Identification Proposal Signals Slow But Steady Reform

According to AICPA rules for auditor independence, PwC can support software development and implementation for its audit client if that system is not the financial accounting software that produces the books and records the firm will audit.

FORBES: PwC Ensures Oscar? Ballot Integrity In 'Partnership' With Everyone Counts, Inc.

The Minister for Social Development Alex Attwood said the team of audit, fraud, management and personnel experts went into NIHE on Monday.

BBC: Attwood expects Red Sky report in 3 weeks

The Audit Office said the executive and Department of Social Development (DSD) were committed to action plans to improve governance and contract management.

BBC: 'Weaknesses' in NIHE contract management

The audit found that after five years the Missouri Department of Economic Development reduced the job creation estimates by 41% from its original estimate of 45, 646 jobs.

FORBES: Strangled By Taxes, Will Michigan Loosen The State's Grip?

"CDC will have made a credible contribution to economic development in these countries, " said Tim Burr, head of the National Audit Office.

BBC: Poverty chief 'paid nearly ?1m'

Tarrin is accused of engineering the Finance Ministry's takeover of Krung Thai Bank from the Financial Institutions Development Fund in the wake of last year's leak of a PricewaterhouseCoopers audit report that exposed allegedly poor lending practices at the bank.

CNN: Taking the Heat