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Numerous other studies have already shown that short audit tenures, i.e., frequent auditor changeover, impact negatively on the quality of the accounts since the incoming auditors lack knowledge that is specific to the client or because such knowledge is lost in the course of the changeover (Chen et al. 2008; Knechel and Sharma 2012; Quick and Wiemann 2011).
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A data extraction guide was created and frequent meetings between auditors were held to minimize problems in interpretation of data recorded.
Mr. Duncan also stated that by September, Andersen executives in Chicago were having frequent phone calls with auditors in Houston re-examining Enron's transactions with the partnerships, this person said.
The auditors suggested more frequent use of vacuum extraction (Ventouse) delivery.
Private auditors, hired by cruise operators, perform frequent safety reviews, including comprehensive annual checks that last seven to 10 days, he said, and flag countries like the Bahamas or Panama, where most cruise ships are registered, provide their own oversight.
Third, directors must have thorough and frequent discussions in executive sessions with the chief executive and the auditors.
The auditors, in turn, had canned David Duncan, in charge of the Enron account, but faced scrutiny for the frequent presence in Houston of an in-house lawyer, Nancy Temple, as the shredding was going on.
Xerox's auditor was KPMG.
And yet, other experts cite the Olympus episode as evidence of still-frequent lapses of corporate governance in a country where truly independent board members are still rare, although there's a requirement that one director or auditor be independent.
The auditor is BDO Seidman.
Deloitte, its auditor, signed its accounts.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com