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companies that were audited by a PCAOB-inspected auditor.
The Madoff enterprise was audited by a tiny firm that was not subject to board inspection.
It was one of the first banks to have its implementation audited by a third party.
They include having her expenses audited by a firm of local accountants every year.
And he added that regulators also should have noticed that Madoff was audited by a tiny company with no reputation.
Second, we find evidence that firms in higher agency cost settings respond by having their financial statements audited by a higher-quality auditor (i.e., a Big 4 firm).
This is redoubled by the fact that some banks will not lend to customers not audited by a Big Four firm.
It is, however, unclear whether Huawei might allow its AI services to be audited by a third party, as it has done with its hardware.
On Thursday, the state agency said that the consulting firm's analysis had been audited by a second firm, Earth Tech Inc.
(Aspiring Scientologists can mitigate the expense by choosing to be audited by a fellow initiate rather than by a staff member).
This is fairly brazen since Madoff was audited by a single-man accountancy firm called Friehling & Horowitz based in a strip mall outside New York City.
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