Sentence examples for from their auditors from inspiring English sources

All ailing banks received a clean bill of health from their auditors, who collected millions of pounds in audit and consultancy fees.

In the wake of accounting scandals at Enron, WorldCom (now MCI) and others, the audit committees of corporate boards are demanding more from their auditors.

Because the additional disclosure may touch on legally privileged information, some tax lawyers fear that corporate executives may withhold information from their auditors and accountants, who assess a company's finances and actual value.

The bosses of the biggest companies have cut the amount of consulting and tax advice they take from their auditors because of concerns about corporate governance, according to a report.

The shift away from consulting by big accounting firms is likely to lead to new and intense competition over clients as independent firms aggressively pursue companies that have bought consulting services from their auditors in the past.

–All 347 firms prosecuted by the SEC for financial fraud during the decade studied received unqualified opinions from their auditors for their final set of misstated financial filings.

But companies should be happy that they are not having their arms twisted into buying other sorts of advice from their auditor's colleagues.

True auditor independence will entail fundamental changes to the way the accounting industry operates, including full divestiture of consulting and tax services, rotation of auditing firms, and fixed-term contracts that prohibit client companies from firing their auditors.

Hence, going-concern reservations were expressly stated in the auditors' opinion despite the fact that other utilities in similar straits showed no such reservations from their new auditors.

Those amounts do not approach the full cost, however, because Levitt required individual teams to obtain additional evaluations from their own auditors.

Like their American peers, they will have to pay back their bonuses if the company restates its numbers as a result of misconduct, and they will be banned from borrowing from their employer.Foreign auditors are also fingered by the act.