Business alliances between a company and its auditor are prohibited under U.S. law and U.K. auditor regulations.
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The Comptroller and Auditor General of India, the auditor, stood by its findings.
When the Chinese do a reverse merger, the auditor of the Chinese firm typically becomes the auditor of the reconstituted public company.
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Auditor General Wales (AGW) Huw Vaughan Thomas has criticised the draft bill as he believes the independence of the auditor general could be constrained by the requirement.
Deloitte was the auditor of Bear Stearns and Washington Mutual and faces ongoing litigation over its role as auditor of those portfolios before they were sold to JPM.
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Giving evidence on this was the Auditor General for Wales Jeremy Colman, the Deputy Auditor General for Wales Caroline Gardner and Sir Alistair Graham from the peer group review.
That type of financial relationship between an auditor and its audit client - or between an auditor and a vendor to its audit client - is prohibited by auditor independence standards except in limited circumstances.
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For business relationships specifically, the law allows contracts between a auditor and its client only if the auditor is a consumer in the normal course of business and receives no incentives, special pricing or other advantage that other customers would not receive.
FORBES: PwC and Thomson Reuters In China, U.K. Business Alliance Violating Auditor Independence
It says that the auditor does not express an opinion on the financial statements and supplemental schedules, but that the auditor does provide some assurance that the form and content of information included in statements and schedules comply with the Department of Labor rules and regulations.
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The bank simply certifies the accuracy and the completeness of the information submitted to the auditor and the auditor includes it in his financial report with the following gargantuan caveat: Because of the significance of the information that we did not audit, we are unable to, and do not, express an opinion on the accompanying financial statements and schedule taken as a whole (emphasis added).
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His log is subject to review by an independent auditor until later this year.
In Scientology, the auditor bears a significant responsibility for the progress of his subject.
Darren Millar AM introduced a motion to appoint auditors to the accounts of the auditor general.
The company has restated financials and said it hired a new auditor this January.
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The Arizona auditor-general recently did a study on trends in education spending in the state.
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The one compensation is that you get to experience being the client torturing the auditor.
By early 2002 PricewaterhouseCoopers, Amerco's auditor for 24 years, could no longer turn a blind eye.
"We had an auditor's report that refers back to June and August of 2012, " he said.
Only five of the 127 government departments consulted by the auditor said they wanted Oracle software.
Not surprisingly, a state auditor said the agency couldn't account for all its expenditures.
The auditor change numbers PCAOB Chairman Doty quoted during the open meeting yesterday were post-Sarbanes fallout.
Some 24 hours later, the compliance auditor and recent grandmother was found dead in her cubicle.
The auditor disallows all items in question, and the IRS sends a notice demanding additional taxes.
He hired an auditor to follow his month-by-month returns and a part-time trader to place orders.
KPMG's collapse would set off a scramble among companies looking for a new auditor.
If I was their auditor I might have to figure out a way to test that.
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The auditor general for Scotland, Robert Black, has announced that he intends to step down.
However, the state's auditor did credit the budget as continuing to move toward long-term fiscal balance.
His hand may have been stengthened by the fact that he is a dyed-in-the-wool auditor.
As you divulge your life's secrets to the auditor the needle betrays your negative thoughts.
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