One perennial suggestion for improved auditor accountability and audit quality has not yet resurfaced during the Doty era.
FORBES: Auditors and Audit Reports: Is The Firm's "John Hancock" Enough?
Multiple local investigations are now underway and a Virginian congressman, Thomas Davis, has asked the Government Accountability Office to audit the district's tax outfit.
In many ways, Dunn told me recently, she felt that she had been invited because she happened to be the right person at the right time a woman with financial and managerial expertise, familiar with emerging public issues of audit independence, accountability, and inclusiveness in corporate governance.
While the report indicates limited progress overall, it is decidedly more upbeat than an independent audit this month by the Government Accountability Office, which said Iraq had met three benchmarks, partially met four and failed to meet 11.
The structure gives the position accountability and credibility, says Maria Moats, an audit partner who recently became the firm's fifth CDO.
Of particular concern, he says, the possibility of an audit of the Fed's monetary policy by the Government Accountability Office.
The Government Accountability Office, the investigative arm of Congress, periodically raises concerns about audit-industry concentration and suggests ways to boost growth of smaller firms.
She particularly supported the increased transparency and accountability afforded by opening up the sovereign grant to scrutiny by the National Audit Office and the Commons public accounts committee.
The audit confirmed the findings of an AP investigation last year that found a lack of accountability in California's multimillion-dollar special license plate program and specific examples of misappropriation in the memorial license plate fund.
Auditors have traditionally opposed individual partner signatures for audit reports arguing the engagement partner is already known to the client audit committees and partners already hold themselves accountable to their own own high standards of professionalism and accountability.
FORBES: Auditors and Audit Reports: Is The Firm's "John Hancock" Enough?
The audit report, commissioned by the council after complaints, said there was a "lack of transparency and accountability" during the selling process.
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