In 1990, 1992 and 1998, the GAO recommended that the limited scope audit exemption should be repealed.
FORBES: Pension Red Alert: 70% Of Pensions Are Never Audited
The OIG rightly recommended the DOL continue to seek repeal of the limited scope audit exemption, as it has (unsuccessfully) since 1984.
FORBES: $3 Trillion At Risk In Unaudited Employee Benefit Plans, Says DOL Inspector General
The GAO is right that users of limited scope audit reports should be uncertain about what, if any, assurances these reports provide.
FORBES: Pension Red Alert: 70% Of Pensions Are Never Audited
As a result of this potentially confusing wording, users of limited scope audit reports could be uncertain about what, if any, assurance these reports provide.
FORBES: Pension Red Alert: 70% Of Pensions Are Never Audited
The failures in the confirmation process on the Satyam audit were not limited to that engagement, but were indicative of a quality control failure throughout PW India.
FORBES: The Grand Illusion: PwC Settles Satyam U.S. Class Action Claims
In 2002 the Sarbanes-Oxley act limited what kind of non-audit services an American accounting firm can offer to an audit client.
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.
Of the various policy levers that Labour has pulled, the most fundamental the attempt to promote more competition and choice has had a limited effect, according to a joint report last year from the Audit Commission, which scrutinises local public services, and the CQC's predecessor.
As for News Limited itself, it has condemned phone hacking and is now conducting an internal audit of payments over the past three years to ensure all of them were legitimate.
That type of financial relationship between an auditor and its audit client - or between an auditor and a vendor to its audit client - is prohibited by auditor independence standards except in limited circumstances.
FORBES: PwC Ensures Oscar? Ballot Integrity In 'Partnership' With Everyone Counts, Inc.
Kehoe and Dale Hart, his deputy, vow to revamp the audit process and shift resources into audits of shelters, partnerships, trusts, limited liability companies and high-income returns.
应用推荐