But the judge would not allow them to pass the buck to the auditors.
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When will the courts or Congress call the auditors to account for investor losses?
Quite obviously it becomes the management that the auditors have to please, not the shareholders.
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Mr. Robinson says the auditors ultimately found that his 30-year-old family business, TRC Staffing Services Inc.
But many of the mechanisms for recovering misspent funds are inadequate, the auditors say.
So the firms inspected in the first round are not the auditors of the largest broker-dealers.
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The auditors simply failed to do the leg work necessary to protect investors, Norris concluded.
The auditors generally give it some weight, but not as much as if it was created contemporaneously.
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That is, a majority of the auditors of broker dealers do not audit any other SEC registered companies.
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The auditors suggested that the hospice should pay Medicare back, an idea no one has yet taken up.
This is the nub of the SEC's dispute with Beijing, and also the auditors' defense against the SEC action.
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But the auditors say preparations for that are inadequate and there is a risk of delayed payments in future.
But the auditors demonstrated significant bias too, with estimates that differed by 30%.
His report described this pre-financial crisis fraud in excruciating detail, including the smoking guns pointed at KPMG the auditors.
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Actually, the auditors were left out of the Dodd-Frank Reform Act completely.
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An action plan - described as ambitious by the auditors - has already been put in place by social work.
Mr Hollande claims to be waiting for the auditors to report again, early next month, before he finalises his plans.
The receipts were also doctored, according to the auditors cited by the magazine, to read considerably larger sums of money.
The job of the auditors is to evaluate our actions and controls to see if they meet certain standards of action.
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Today we have a Chairman of the Securities and Exchange Commission who formerly represented the auditors he is charged with regulating.
The auditors said that the overall situation is improving, but that a number of spending areas were "materially affected by errors".
Therefore, it is the management who hires the auditors and it is management to whom the auditors look for a job.
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Uncontrolled over-spending and unrealistic budgets often set too late had led to "serious inaccuracies" in the figures, according to the auditors.
The auditors looked at a sample of 24 energy efficiency projects co-financed by the Cohesion Fund and European Regional Development Fund.
This, the authors suggest, is in part because the auditors themselves might fail to recognise that they are doing something wrong.
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That leaves the SEC action against the auditors in play, with the danger of a ban on the firms auditing U.S. companies.
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Responding on behalf of the European Parliament, Swedish centre-right MEP Christof Fjellner said he was "depressed" at the findings of the auditors.
The auditors say the SPS has encouraged farmers to respond better to market demand and has benefited EU agriculture as a whole.
The auditors are paid directly by the companies they pass judgment on.
Compared to the ratings agencies, the auditors have gotten away with murder.
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