Sentence examples for companies audit from inspiring English sources

The fund has also withheld votes for members of the companies' audit committees.

Meanwhile, consultants who help companies audit their compensation for pay disparities are seeing increased demand.

"Those companies' audit committees need to think about whether or not they want to be so far out," he added.

It may also fear a dam-bursting effect if the SEC finds nasties in the Longtop accounts that prompt it to demand other companies' audit papers.

Some companies' audit committees have already decided that they will hire an accounting firm other than their auditor to help them meet the new requirements.

These directors serve three year terms and have certain defined duties, including sitting on the companies' audit committee and signing off on any conflicted transactions with management or controlling shareholders.

We find that companies audited by large audit firms are less likely to commit financial statement fraud.

Regardless, by June the stocks of companies that were not audited by Andersen had lost just as much value as those of companies audited by Andersen, suggesting that investors have not lost comparatively more faith in companies audited by Andersen.

Companies audited by the same firm over time might also learn how to manipulate their financial statements without being caught.

Opponents to the deal include some of the accountancy firms' biggest clients, as well as the financial regulators who depend on the integrity of companies' audited accounts.

The disclosure of these Public Company Accounting Oversight Board inspection reports, Shroff says, increases the credibility of financial statements for companies audited by board-inspected auditors.