Failed audit in Iraq
Friday, May 23rd, 2008THE US Army can’t account for the billions of dollars it’s paying contractors in Iraq.
THE US Army can’t account for the billions of dollars it’s paying contractors in Iraq.
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The Public Company Accounting Oversight Board has lots of deficiencies. One of them is that it The provides little information to clients as to whether their auditors are up to scratch. Just another way of keeping investors in the dark.
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An analysis of the Public Company Accounting Oversight Board’s work reveals some of the most common auditing mistakes by firms, including the big ones.
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More evidence that Sarbanes-Oxley ahs been a bonanza for accountants. Median fees earned by the world’s top auditing firms shot up by 345 per cent in the five years to 2006. Now, more attention is paid on compliance work and internal control testing. Extra work created by Sarbanes-Oxley.
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