Dennis Howlett's Library tagged auditors →  View Popular

Prem draws attention to the 'duty of care' issue that bedevils the profession. Many good comments.

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audit auditors

Francine goes off on a tear but who can blame her? The debacle that is unfolding shows no signs of root and branch correction. That's the fundamental key to setting things right.

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auditors KPMG EY

So the real question: any impact on the Big 4? I hope so but somehow doubt it - at least in the short term.

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auditors big4

All the Big Four fall into line. Didn't take long but then the threat of lawsuits...

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auditors

Are you suggesting that if a company disagrees with the auditor's suggested restatement, that they go to the SEC and appeal? Maybe they should educate themselves and/or hire an independent consultant with GAAP expertise who can advise them and help them debate the issue credibly with the auditor. After all, the auditor holds all the cards, dontcha' think? - that kinda nails it

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SEC restatement auditors

It's only right that those who are at the helm be held accountable. Trouble is, the don't like it.

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auditors socgen

I love it when Francine finds KPMG 'funnies' - this one is definitely funny, but in the odd sense.

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auditors KPMG

It seems incredible that in this day and age, people continue to think they can get away with backdating.

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auditors backdating

Ernst and Young audits both companies.

Instead of two smaller losers, now they're going to audit one really big one.

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Ernst Young auditors