Exact(1)
The lawsuit, the latest in a series of suits stemming from the collapse, contends that Refco's fraudulent scheme could have worked only "with the active assistance of Refco's cadre of outside auditors, professionals and advisers".
Similar(59)
These results should be of interest to academics, regulators, standard-setters, and auditors as they continue to contemplate ways to improve auditors' professional judgments under different levels of accounting standard precision.
This is done through the investigation of attitude of auditors toward professional activities.
The strategy has three essential components: assessment and feedback using validated instruments based on quality indicators; external support through an outreach educational visit by a trained auditor (healthcare professionals) to support the practice in improving areas of management identified by the practice itself; and formal certification by an external organisation.
Companies could be aware of the auditor's professional responsibility and concern about his/her reputation leading to corporations having higher effective tax rates.
"Financial markets depend on the integrity of auditors, lawyers and professionals to do their jobs ethically and fairly," Mr. Ryan said in a statement.
The detailed checking of returns is a task that has traditionally been done by large staffs of professional auditors on a sampled basis.
"This seems to me to be a commercialization of the significant responsibilities well performed by America's professional auditors," he said.
(Remember the 2010 promise that ordinary members of the public would be enrolled as monitors of public managers' performance? Meaning there would be therefore be no need for professional auditors).
Professional auditors at two firms completed a computerized task designed to test the effects of initial impressions and experience upon the information later recalled about a subordinate.
Using an Irish case of the regulation of professional auditors, we find that Beck helps us to understand the accounting bodies' view of their own position as experts and their role in mitigating risk.
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