And if you take into account that many of the students who might enroll in a course but not do any assignments might be auditing the class by watching some or all of the lecture videos, then you begin to get a better picture of what people are actually doing when they take part in a MOOC (other than dropping out).
"I look at it as an opportunity," he said, because the firm will be able to serve clients who might also be audited by Deloitte Touche Tohmatsu.
Instead of groaning when you receive your letter announcing that you are going to be audited, you might react: "Hey, I won the lottery".
These errors might cost you money or even cause you to be audited.
Programs must be audited.
Agents will also be audited.
Last Wednesday, the Cornell Companies, an operator and builder of prisons, said that it was examining its off-balance-sheet transactions and that its past financial reports, which had been audited by Arthur Andersen, might have to be revised.
"That audit found no wrong-doing," Mr. Ovitz pointed out, just in case someone in the jury thought that being audited by one of your partners might mean that your company isn't doing "just fine".
So far, 41 countries have been audited.
Satyam's books were audited by PricewaterhouseCoopers.
