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At that time, Ms. Bruncaj said she could not specify the issues that led to the decision because council policy prohibited disclosure of audit information.
Public disclosure of audit malpractices and the auditee's intentions to signal a desire for audit quality may precipitate the dismissal of deficient auditors.
The results and implications for disclosure of audit are discussed.
Similar(56)
But in another closely watched case, a federal judge ruled in favor of disclosure of auditing records.
Nonetheless, there was an extraordinary level of public disclosure of the audit that went well beyond normal FCC practice.
The disclosure of the audits of Community Health Plan could result in similar criticisms that Dr. Dean, while governor, rewarded companies with ties to his political allies.
Among the compromises reached was one to require greater disclosure of fees for audit and consulting work.
Mr. Laskaway added that a new rule could provide for disclosure of the total audit fee and the total fee for other services to the company, to help investors ascertain whether there was reason to be concerned about the auditor's independence.
It also decided that before making disclosure of an internal audit report that contains findings related to a specific Member State, UNICEF will provide a copy of the report to the concerned Member State and provide the concerned Member State with adequate time to review and comment on the report.
The relation between International Accounting Standards (IASs) disclosure and the type of audit firm points to additional theoretical explanations, including relative familiarity with the legislation and compliance features identifiable with the emerging capital market.
Certainly, Dr. Dean's top supporters expect that his opponents will seize upon the disclosure of these latest audits as further grist.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com