Sentence examples for on their auditor from inspiring English sources

"Many companies," says Huron, a consulting firm, in its latest review of financial reporting, "are just now realising how much they used to depend on their auditor, and that the burden is on them to adjust to a new reality .Because of Sarbanes-Oxley, firms now have to make accounting decisions for themselves.

We rely on their auditors.

In the past, companies used to rely on their auditors for advice on many of their more complicated accounting issues.

We will consider that there has been an improvement in accounting information quality when qualifications which could have been avoided are corrected, i.e., the errors or non-compliance with GAAP and the scope limitations which companies imposed on their auditors.

The three men deny the charges, arguing that the loans were legitimate and were taken out on the recommendations of their auditor and investment bankers.

Losses could grow as a result of "cramdowns", which allow bankruptcy judges to cut the principal owed on mortgages.Much will depend on whether their auditors and their regulator, James Lockhart, cut them any slack.

But Alliance ignored the red flags and relied way too much on the accountants and their auditor's reports".

With no agency to back it up, the governmental accounting board must rely on elected or appointed officials to follow its rules and on their outside auditors and credit analysts to catch any errors.

Although it was not all bad, the law placed a straitjacket on companies and their auditors which was so tight that it has since had to be loosened.

"For companies wondering whether the finance and strategy directorships should be held by the same person, Higginson could be a high-profile test case" notes the author.Coupling"Mending Fences"By Janet KersnarThe raft of strict new regulations introduced after the collapse of Enron, WorldCom and the like put the cosy relationship once enjoyed by corporate executives and their auditors on ice.

Generally, our findings indicate that the influence of personality traits of auditors on their attitudes depends on attitudes toward the corporate governance mechanism and business environment.