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The changes that will have to occur to bring the audit firms, and their clients, in line may mean not only consolidation of audit firms that can not deliver audit-only services cost effectively and per the standards, but also consolidation of broker-dealers who do not want hire competent accounting and systems professionals in-house or pay for it separately from a firm other than their auditor.
FORBES: Auditors All Fall Down; PFGBest and MF Global Frauds Reveal Weak Watchdogs
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By the time it's all over, Pierre has lost both his wife and his mistress, and is in line for a costly tax audit.
CNN: Review: 'The Dinner Game' a one-course comedy
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The National Audit Office said increasing housing allowances in line with inflation rather than local rents could lead to "significant problems".
BBC: Block of flats
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Specifically, we are considering a shift in our audit activities to higher dollar awards while further instructing auditors to ask more in depth questions on the bottom line issue of whether taxpayer funds were used correctly.
WHITEHOUSE: Partnering to Reform Federal Grants