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It's taken the financial press THIS long to ask? Sheesh. “Our focus is on whether the independent auditor reports that were prepared by Friehling were fraudulent.” - no shit sherlock.
Prem draws attention to the 'duty of care' issue that bedevils the profession. Many good comments.
I'm not surprised - only that it was allowed to go on for so long and that it wasn't reported upon
Jeremy had a seat at the Big Table and enjoyed the experience. Now deliver.
Can you believe this? Mind you a company of that size will have lots of employees but the amount this guys earned should have required more intense testing - or perhaps not.
KPMG is negotiating with the Department of Justice about its troubles while Department of Justice is negotiating with KPMG, their auditors, regarding their audits of DOJ financial statements. Given the major issues in found at DOJ during fiscal year 2004,
International Auditing and Assurance Standards Board has approved a new set of audit proposals aimed at bolstering the quality and appropriateness of audit reports.
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