Beyond its audit franchise, Andersen must shore up its consulting business, which has also become controversial.
In June 2002, PwC began working on its audit of Amerco's fiscal 2002 annual filing.
It has added an extra independent director, and the duration of its audit committee meetings has tripled.
Glasgow City Council has now reported the findings of its audit of infant cremation cases stretching back 15 years.
The basic questions Muddy Waters raises will be answered when Deloitte (a top tier accounting firm) issues its audit results.
FORBES: Muddy Firm Sinks China MediaExpress on New Years Day
In an effort to restore luster to its name, Andersen added two more gray eminences to an oversight panel charged with reviewing its audit practices.
If clients do start to defect from either its audit or its consulting business, or if employees leave en masse, Andersen's survival could be in doubt.
Bloomberg noted that the director, Joseph Silveira, had been a director of the company since 2002, and was a member of its audit committee as of 2009.
FORBES: Diamond Foods Shares Drop on Reports of Director Death
Having most of the members of a company's board, as well as all the members of its audit, compensation and nominating committees, be truly independent is sound.
Having most of the members of a company's board of directors, as well as all members of its audit, compensation and nominating committees, be truly independent is sound.
Even so, at least the Anti-Defamation League has provided some kind of baseline in the 25 years since it started its audit, says ADL research director Alan Schwartz.
In February 2011, Mr. Collins was elected as a director of Oasis Petroleum, Inc. and has served on its audit committee and nominating and governance committee since May 2011.
For more on what TIGTA found in its audit on tax preparer compliance with the new regs, you can read the December 2011 TIGTA report here (downloads as a pdf).
FORBES: Audit Finds That Prisoners and Felons Granted Permission To Prepare Returns
When Amerco wanted to disclose to investors PwC's role in the accounting problem, PwC threatened to yank its audit opinion on Amerco's SEC filings, which would have had crippled the company financially, the suit says.
The authority said that its audit had found that the council form and NHS form used to apply for the cremation of a non-viable foetus (children born up to 23 weeks and six days gestation) were inaccurate.
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.
FORBES: PwC Ensures Oscar? Ballot Integrity In 'Partnership' With Everyone Counts, Inc.
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.
How can Deloitte maintain its independence at JPMorgan Chase given the number of parties suing its former audit client Bear Stearns?
FORBES: New York Attorney General Sues JP Morgan And Raises Question Of What The "Auditor" Knew
To guard against future outages, especially ones of this scale, Lazaridis said RIM is working with its hardware vendors to strengthen and audit its infrastructure.
FORBES: BlackBerry Service Restored As RIM Co-CEOs Vow To Do Better
Deloitte is responsible for the behemoth engagement at JPMorgan Chase that includes reviewing mortgages from its former audit clients Bear Stearns and Washington Mutual.
FORBES: Sheila Bair Called It - Foreclosure Lookback Reviews Are A "Ruse"
The experience of Deloitte, the first Big Four firm to suffer the ignominy of having the PCAOB air its dirty audit laundry in public may be instructive.
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.
Did consulting hero PwC give the same strong advice it gave Bear Stearns in 2006 about best practices for repurchase claims and reserves to its real audit clients JP Morgan Chase, Bank of America, and PNC Bank?
FORBES: New York Attorney General Sues JP Morgan And Raises Question Of What The "Auditor" Knew
PwC is still expected to go to trial in a class action claim for overtime by its California audit associates that could blow the lid off what they say about audit quality versus what they really do.
FORBES: A Tale of Two Lawsuits -- PricewaterhouseCoopers and Colonial Bank
In seven of its past eight audit cycles, Textron has appealed disputed tax matters to the IRS Appeals Board.
FASB's controlling board of trustees comes from industry groups and its funds from audit firms, industry and financial groups.
The Bank now involves non-governmental organisations in many of its decisions and conducts an environmental audit of most of its policies.
Mr Phillips-Davies said the company had altered its training and audit procedures, and it stopped selling contracts on the doorstep in 2011.
Prompted in part by concerns raised by the SEC and FBI, the Labor Department hired Sandia National Laboratories to audit its data-release system.
应用推荐