Audit liabilty - the PwC case
Saturday, July 12th, 2008A court case raises questions about the liability of auditors misleading investors
Archive for the ‘auditors’ Category
Limited liability for US auditors coming in?
Wednesday, June 18th, 2008US auditors are about to get limited liability. If they screw up, they can get off scot free
The audit cartel
Wednesday, June 4th, 2008Auditors are making huge money because there are only four firms that cotnrol the market. And they are abusing it.
Auditors, independence and distance
Tuesday, May 20th, 2008The likelihood of issuing a going concern report decreases as the distance between the auditors’ office and the SEC office increases
Auditors and independence
Wednesday, April 23rd, 2008Auditors take note: from now on, you will have to tell audit committees all about compromising links BEFORE you do any work for them
Sphere: Related ContentAccountants and fraud
Monday, November 12th, 2007What’s wrong with this picture? Most CFOs and senior comptrollers think auditors are responsible for detecting any and all fraud. But most of them will admit they can intentionally misstate their financial accounts.
Sphere: Related ContentAuditors, litigation and caps
Friday, November 2nd, 2007The prospect of litigation funders threaten to drive auditors out of business. But do auditors deserve liability caps?
Internal auditor stress
Tuesday, October 16th, 2007Internal audit teams are being stretched more than ever and they are having trouble finding the right people to fill the gaps, according to a new report.
Sphere: Related ContentTop trends for internal auditors
Monday, October 1st, 2007Globalization, changes in risk management, advances in technology, talent and organizational issues, and changing internal audit roles are ranked as the big issues that will reshape internal auditing over the next five years.
Sphere: Related ContentAuditors off the hook in the Parmalat case
Sunday, August 12th, 2007
Parmalat’s auditors and bankers have been let off the hook when a judge dismissed lawsuits against them. Last month the same judge ruled that Citigroup, Bank of America, Deloitte Touche Tohmatsu and Grant Thornton did not have to face charges because all of the alleged improper conduct took place outside of the US and were therefore not covered by US securities law.
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