Sentence examples for large audit from inspiring English sources

Sadly the letter was never published, but was sold a few years ago for $16,500.Anne Ammundsen Broadstairs, Kent The insurance predicament* SIR – In your article on lax corporate oversight by the large audit firms ("Dozy watchdogs", December 13th), you suggest that the problem is partly due to the fact that companies pay for their own audits.

We discuss the implications of these changes for the future of auditing, audit work and large audit firms.

We find that companies audited by large audit firms are less likely to commit financial statement fraud.

Large audit firms generally use either a strategic-systems approach (SSA) or a transaction-focused approach (TFA) to evaluate misstatement risk.

The mean of the BIG4 dummy (0.9339279) shows that the sample is primarily audited by one of the large audit firms.

Key policy initiatives and debates are analyzed, along with institutional interactions, in particular between the International Federation of Accountants IFACC), international regulators and the large audit firms.

Some financial service professionals believe that the current wave of auditing scandals has eroded the image of the nation's large auditing practices, opening doors for local and regional firms.

Thousands of people are expected to find themselves redundant following the loss of 41 large auditing clients".I would like to be optimistic about Andersen but in the end it comes down to whether they want to survive or not," says Paul Volcker, a former head of the Federal Reserve who was brought in by a harried Andersen as chairman of an oversight board.

And the partnership structure of second-tier accountancy firms limits their ability to raise funds for expansion.Nor do mergers the route by which the industry was reduced, before Andersen's demise, to five big players look likely to produce new, large auditing firms.

Large auditing offices can draw on expertise of their international network that will result in higher audit quality (Carson 2009; Francis and Wang 2008).

Becker et al. (1998) studied differences between firms being audited by the biggest audit offices and smaller audit offices in the context of EM, finding that smaller offices report discretionary accruals that as a percentage of total assets are on average 1.5 to 2.1% higher than the discretionary accruals reported by clients of large auditing firms.