The regulators tout them as the largest fines ever levied against a foreign-based audit firm.
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Mandatory audit firm rotation is currently the subject again of proposals in the E.
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Fully 11% have used the same audit firm continuously for 50 years or more.
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PricewaterhouseCoopers LLC, the global audit firm, is heavily invested in the success of the Academy Awards.
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An even more curious assertion is that companies generally avoid using the same audit firm as their competitors.
You typically see the AICPA consulting standards cited when an audit firm performs technology consulting engagements that blow-up.
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Audit firm leadership feigns insult whenever anyone questions its desire and ability to be independent, objective and professionally skeptical.
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Deloitte is the top Big Four audit firm donor to the Society.
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There is only one independent audit firm in Saudi Arabia registered with the PCAOB and it has never been inspected.
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There is no evidence of any other interviews with audit firm leadership or audit engagement partners for the failed institutions.
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Those companies would have otherwise experienced the ignominy of admitting that a non-independent audit firm had attested to prior-filed financial statements.
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According to the PCAOB, there have been 567 additional audit firm registrations since 2009. 517 of those firms audit only broker-dealers.
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Another audit firm Armageddon was averted, barely, when then Attorney General Alberto Gonzales decided against a criminal indictment of the firm.
Also on Saturday, HDFC Bank said in an emailed statement it has appointed accounting and audit firm Deloitte Touche Tohmatsu India Pvt.
They should speak with the audit firm's lead partner about the company.
Financial services consultant Promontory and global audit firm PricewaterhouseCoopers are the biggest winners, with seven of the 14 foreclosure review engagements between them.
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The SEC has, therefore, chosen two attorneys whose livelihood depends on keeping auditors out of trouble and one auditor who works for a next-tier, non-global audit firm.
Mandatory audit firm rotation was an old tune sung again by the Public Company Accounting Oversight Board, the audit industry regulator, beginning in August of 2011.
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The Sarbanes-Oxley Act of 2002 made it very clear that audit clients were no longer supposed to utilize their audit firm as the accounting technical advisor.
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The global audit firm would rather come off as stupid than complicit in the actions of whomever broke the law and stole MF Global customer funds.
In fact, both said, they liked using their audit firm for non-audit services because they were comfortable with them and their auditor knew management and the business best.
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Ernst and Young's Hywel Ball added that they would co-operate fully with the inquiry but states that he did not believe that mandatory audit firm rotation was in the public interest.
This bravura general explanation--of how a failing company and its toadying audit firm can cook the books through nonexistent revenue--is an expository tour de force and the core of the novel.
This was before KPMG Consulting split from KPMG the audit firm and became BearingPoint and just as auditors as consultants became an issue, well before Enron brought it to a head.
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The compromise resulted in shorter tenures for lead audit partners and more detailed rules for other members of the engagement team instead of the audit firm rotation requirement, considered more onerous by the industry and its clients.
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Those audit firm professionals were dead wrong.
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Darkly, the suit notes, Starkey is also a former partner in Arthur Andersen , the audit firm convicted last month for obstruction of justice in the Enron (otc: ENRNQ - news - people ) investigation.
He is an alumnus of audit firm Moore Stephens Lovelace LLP, formerly Lovelace Roby, which had only three public company clients in 1995 when De Armas left for his first CFO job at a company called Action Products.
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When an audit firm acts as an advisor for compliance monitoring, in particular when they are monitoring their own work as in the JPMorgan foreclosure review case, its difficult to know whose side the firm is really on.
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