Looking ahead, our audits and audit reports ought to better reflect investor needs.
FORBES: Auditors and Audit Reports: Is The Firm's "John Hancock" Enough?
The U.S. supports transparency and holding the UN accountable and thus will continue to make public OIOS audit reports.
According to South Africa's auditor general, only seven out of 237 South African cities received clean audit reports for 2010.
Bayou, which filed for bankruptcy in 2006, was also accused of setting up a dummy auditing firm to provide audit reports.
The GAO is right that users of limited scope audit reports should be uncertain about what, if any, assurances these reports provide.
FORBES: Pension Red Alert: 70% Of Pensions Are Never Audited
As a result of this potentially confusing wording, users of limited scope audit reports could be uncertain about what, if any, assurance these reports provide.
FORBES: Pension Red Alert: 70% Of Pensions Are Never Audited
Only 300 of the 800 firms registered with the PCAOB to audit broker-dealers also reported issuing audit reports for public company issuers like MF Global, JP Morgan, Barclays and Goldman Sachs.
FORBES: All Talk: The SEC's Broken Broker-Dealer, Investment Advisor Examination Program
As a result of our prior year findings the firm revised and reissued its policy and mandatory guidance in relation to the signing and dating of audit reports and we observed an overall improvement in this area.
FORBES: By Any Means Possible: Auditors Try To Meet Standards By Faking It
Auditors have traditionally opposed individual partner signatures for audit reports arguing the engagement partner is already known to the client audit committees and partners already hold themselves accountable to their own own high standards of professionalism and accountability.
FORBES: Auditors and Audit Reports: Is The Firm's "John Hancock" Enough?
Last year revisions (as opposed to formal restatements) accounted for 57% of 727 earnings fixes, up from 33% of 1, 384 fixes in 2005, Audit Analytics reports.
FORBES: Is The SEC's Ponzi Crusade Enabling Companies To Cook The Books, Enron-Style?
Many audit-committee reports this year have come with disclaimers to say that the accuracy of the firm's accounts are not their responsibility.
Notably, EY does not provide signed reports for their 10-Q reviews for audit client UBS. PwC does not provide signed reports for their 10-Q reviews of audit clients JPM Chase or Bank of America.
FORBES: Ernst & Young's Liability For Lehman Larger Than Claimed
Governor Brown ordered an audit of all state reports in December in a bid to cut down on red tape, the BBC's Peter Bowes in California says.
Although fraud prevention mechanisms, such as the Ethics Helpline and Office of the Ombudsman, led Corporate Security and Internal Audit groups to investigate reports about certain arrestees, they did not appear to run joint investigations or develop a corrective actions approach.
To begin an audit, sift through market reports that relate directly to your business.
FORBES: Are You Paying the Right Price for Employee Loyalty?
Across in Westminster Hall there are debates on two recent select committee reports - Environmental Audit Committee on Protecting the Arctic and the Defence Select Committee report on Future of Maritime Surveillance.
Several audit firm professionals tried to convince the SEC and PCAOB staff that they were mistaken in the belief that broker-dealer auditors could not sign the broker-dealer audit opinion as well as help implement accounting software, prepare period-end journal entries and compile those same financial statements and regulatory reports that they would audit.
FORBES: Auditors All Fall Down; PFGBest and MF Global Frauds Reveal Weak Watchdogs
NACRO, an umbrella organisation for criminal-reform groups, by the Audit Commission and in internal Home Office reports.
But reports by NHS watchdog the Audit Commission have suggested even more patients could receive treatment if people who did not really need to be in hospital were not admitted, and more operations could be carried out if the service was better organised.
In spite of no legal requirement, EY and the other audit firms consented to inclusion of signed reports of their quarterly reviews (as opposed to an opinion which has a very strict definition in the standards and the law) in the 10-Qs of some other financial services firms.
FORBES: Ernst & Young's Liability For Lehman Larger Than Claimed
Effectiveness of the internal audit function including management focus and action on reports that cited weaknesses and other serious issues to address.
FORBES: No Accounting For Auditor PwC At Levin's Whale Hearing
Deloitte provided reports of their 10-Q reviews for audit client Merrill Lynch prior to its absorption by Bank of America and for client Bear Stearns prior to its absorption into JPM Chase.
FORBES: Ernst & Young's Liability For Lehman Larger Than Claimed
Audit inspections would help to restore some credibility to Chinese financial reports, and perhaps open up access to the capital markets again.
WSJ: Business Asia: There's No Accounting for China's Accounting
However, the civil service has also faced repeated criticism in recent years from the Wales Audit Office, which has published a number of highly critical reports into the Welsh government's management of the grants it gives to outside organisations.
BBC: Welsh government must be more agile - permanent secretary
And the Shanghai branch of Huaxia Bank has been exposed by a government audit in a scheme to underreport its nonperforming loans, according to Chinese news reports.
Mr Murray said the Welsh Ambulance Services Trust was a very different organisation from the one heavily criticised in the reports of the Auditor General, the Healthcare Inspectorate Wales and the Wales Audit Office.
BBC: The service is on track to beat its response targets for May
According to reports, financial analysts had raised questions that H-P only addressed after the internal audit began.
Dr Herxheimer, aided by Charles Medawar, from Social Audit Ltd, which has campaigned on antidepressant safety, examined more than 1, 000 yellow card reports about Seroxat.
应用推荐