Overall, our results suggest that auditors' strategic risk assessment (typically done in a business risk auditing context) is associated with the outcome of the audit process (the opinion).
"We are very frustrated by the audit process.
It may make sense to streamline the audit process.
Nor does it require significant federal involvement in the audit process.
But they also noted that the errors had been corrected during the audit process.
"The audit process was really painful," said Mr. Mann, who would not disclose the company's name.
Tessel Pauli, coordinator for the Clean Clothes Campaign, a European antisweatshop group, criticized the audit process.
The authority said the audit process had cost $2.3 million worth of its employees' time and labor, yet accomplished nothing.
"But what we are proposing would inject more rigor and a stronger dose of ethics into the audit process, bolstering that defense on which all market economies rely".
"It is essential that we maintain the independence and integrity of the audit process," Mark W. Everson, the I.R.S. commissioner, said.
A Mattel official told me via e-mail that product safety was never intended to be part of the audit process, but is instead considered a "peer function".
