Sentence examples for for its audit from inspiring English sources

In 2000, for instance, the Marriott International hotel chain paid Andersen $1m for its audit and $30.3m for other services; Motorola paid KPMG $3.9m for its audit and $62.3m for other services (see chart 2).

KPMG was heavily criticised for its audit of Carillion before its failure at the start of the year.

That penalty followed a £4.5m fine by the FRC in June, for its audit of Quindell in 2013.

The experience at Enron, which last year paid Andersen $25m for its audit, and $27m for non-audit services, is likely to undermine that argument.

"A firm is responsible for its audit reports and the quality of its audits," said Claudius B. Modesti, the accounting board's director for enforcement and investigations.

His firm decided to forego the business for its audit clients after consulting with the S.E.C. and the Public Company Accounting Oversight Board, which was created by the Sarbanes-Oxley Act to supervise the accounting industry.

But last year it did sue Arthur Andersen for its audits of Waste Management.

SunTrust, a banking company with a significant presence in the Southeast, which paid Andersen $1.7 million for its auditing and $1.4 million for other services last year, announced that it was replacing Andersen with PricewaterhouseCoopers earlier this month.

Andersen is under fire for its audits of Enron and its acknowledged destruction of Enron documents.

Late last year, for example, Deloitte & Touche gave Arthur Andersen, the Enron auditor, a healthy review for its auditing process.

That agreement came despite a 1989 Supreme Court ruling denying tax deductions for money paid in fees set by the Church of Scientology for its "auditing" and "training" services.