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The commission wants the American authorities to agree to involve European audit regulators in any such inquiry.
A14 Accusation Prompts Audit Regulators have ordered an audit of Duke Power's financial statements to determine if the company underreported income to avoid cutting rates for two million customers in North Carolina and South Carolina.
Our findings should be of particular interest to audit regulators that currently include, or are considering including, lists of deficiencies in firm-specific reporting.
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This controversy could also give new life to a proposal by the Public Company Accounting Oversight Board, the American audit regulator, to force the disclosure of the name of the lead partner on each audit in a company's annual report.
Over the years, I have forwarded this research to the Department of Trade and Industry (DTI) and the UK auditing regulators, but none have ever examined the organisational values of auditing firms.
A1 Easing of Audit Cost Urged Facing complaints from businesses about the expense of complying with a new law on internal financial controls, auditing regulators in the United States moved to ease the costs.
[A1] Regulators Confront the Cost of a New Accounting Rule Auditing regulators are taking steps to reduce the costs to businesses of complying with a new law on internal financial controls without asking Congress to revise the law.
On Friday, WestLB received an audit from regulators, and it is expected to divulge the results to the market this week.
During the audit, the regulator's employees photocopied numerous Cromwell records.
At the same time the government could go ahead setting up the recognition body that would audit the regulator every three years.
The agency's inspector general is auditing the regulator's oversight and conservatorship efforts to determine whether the agency and the mortgage companies manage foreclosed homes "to maximize financial recoveries and minimize the negative effects of foreclosures on affected communities," the report says.
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CEO of Professional Science Editing for Scientists @ prosciediting.com