Your English writing platform
Discover LudwigExact(5)
Ernst & Young said it would stop selling information services to clients and quit being internal accountant and external auditor.
The accounting firm Ernst & Young announced yesterday that it would stop selling information technology services to companies it audits and that it would no longer serve as internal accountant and external auditor at the same company.
Mr. Francis says that his internal accountant set him up, filing the 2002 and 2003 tax returns in question for Mantra Films and then blowing the whistle to the I.R.S. with the goal of reaping a bounty for turning in a tax cheat.
"Someone who is the club's internal accountant should be paid the commercial rate if you are going to get the right guy.
Internal accountant might lack tax expertise and hence it is always necessary to hire a professional accountant.
Similar(55)
A company's internal accountants are primarily responsible for preparing financial statements.
A common thread in the companies under investigation is the restatement of quarterly financial results after internal accountants or outside auditors have found problems.
The complaint contends that the executives of both companies acted with the consent of their bosses and internal accountants, at least initially.
In its efforts to reassure clients and investors, Andersen has already said that it will stop serving as both internal accountants and external auditors for the same company.
Claudio Pessina, one of Parmalat's internal accountants, has told investigators that Citibank employees knew about the double-billing system as early as 1995, according to the transcript of Mr. Pessina's interrogation.
It generally absolved the board of directors of responsibility because the board could be expected to rely on the company's internal accountants and Arthur Andersen, its outside auditing firm.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com