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BNET Business Dictionary
- Audit
- a systematic examination of the activities and status of an entity, based primarily on investigation and analysis of its systems, controls, and records
- Audit definition on BNET »
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- Audit committees focus on operational risk: FBI targets corporate corruption banking group proposes self-regulation for risks management transparency linked to ethical workforce financial restatements increase sharply
- AUDIT COMMITTEES ARE EXPECTING INTERNAL AUDIT departments to make strategic, operational, and business risk a higher priority as demands of compliance with the U.S. Sarbanes-Oxley Act of 2002 have eased in the past year, according to the 2008 State of the Internal Audit Profession Study by PricewaterhouseCoopers PwC LLP. The...
- Research articles 2008-06-01
- A group of auditing firms including Deloitte & Touche, Ernst & Young, PricewaterhouseCoopers, KPMG, BDO International and Grant Thornton collaborated on a report that insists liability standards should be eased for accounting firms and that compan
- A group of auditing firms including Deloitte & Touche, Ernst & Young, PricewaterhouseCoopers, KPMG, BDO International and Grant Thornton collaborated on a report that insists liability standards should be eased for accounting firms and that companies and investors should face higher charges for forensic audits, which are more likely to...
- Research articles 2007-02-01
- The power of four; Accounting.
- The auditing profession is dangerously concentrated WHATEVER you might think if your accounts have ever been qualified, auditors are only human. And humans tend to exploit their power. So it is understandable that Britain's accounting watchdog revealed last week that investors and the finance...
- Research articles 2006-09-16
- EMAK Worldwide Appoints New Independent Auditors
- LOS ANGELES -- EMAK Worldwide, Inc. (Nasdaq:EMAK), a leading marketing services firm, announced today that the Audit Committee of its Board of Directors has appointed Deloitte & Touche LLP as the Company's independent auditors to replace PricewaterhouseCoopers LLP, effective immediately. The engagement will commence with the review of the Company's...
- Research articles 2006-07-11
- The Sarbanes-Oxley act of 2002: reviewing the corporate governance scorecard.(Turning Point)
- IN JULY 2002, A MILESTONE FOR corporate governance reform in the US, the Sarbanes-Oxley Act, became law. However, its legislative effects on the American business community have only become noticeable over the past year, as mandatory corporate compliance with regulatory provisions came into effect. As a...
- Research articles 2005-12-22
- Big four hone audit staff with online testing tools.
- Byline: Damien Lynch Aug 04, 2005 (The Australian Financial Review - ABIX via COMTEX) -- The four global accounting firms use online testing tools to ensure the competence of their Australian...
- Research articles 2005-08-04
- A price worth paying? - Auditing Sarbanes-Oxley.(Sarbanes-Oxley Act of 2002)
- America's response to Enron and other scandals was the Sarbanes-Oxley law. It is costing plenty--but is it working? THE Sarbanes-Oxley statute, which the United States enacted in an atmosphere of extraordinary agitation in 2002, is one of the most influential--and controversial--pieces of corporate legislation...
- Research articles 2005-05-21
- Mamma.com Inc.: Auditors to Cease to Act and Replacement Auditors to be Identified-2004 Audited Financial Results Likely Delayed.
- MONTREAL, CANADA, Feb 16, 2005 CCNMatthews via COMTEX Mamma.com Inc. ("Mamma.com" or the "Company") (NASDAQ:MAMA) today announced that it has been unable to reach an agreement on the terms of the audit engagement with PricewaterhouseCoopers LLP ("PWC") for the year ended December 31,...
- Research articles 2005-02-16
- CEOS expect bigger bite as two big tax breaks end (Manufacturing Business Technology)
- Nearly half of 392 CEOs of enterprises identified as "fast-growing" anticipate corporate taxes will rise an average of 18 percent, with 46 percent of the total fearing the jump will be as high as 40 percent, according to results of a September 2004 survey issued by PricewaterhouseCoopers . ...
- Research articles 2005-01-01
- PricewaterhouseCoopers Refuses to Renew Glimcher Realty Trust's Contract.
- The Columbus Dispatch, Ohio Knight Ridder/Tribune Business News Jun. 10--PricewaterhouseCoopers has refused to renew its contract to be the auditor for Glimcher Realty Trust, according to a Securities and Exchange Commission filing. Glimcher Realty said in a filing yesterday that...
- Research articles 2004-06-10
- Moore Wallace Announces Suspension of CFO.
- MISSISSAUGA, ONTARIO and NEW YORK, NEW YORK, Feb 9, 2004 CCNMatthews via COMTEX -- James R. Sulat Named Interim Chief Financial Officer Moore Wallace Incorporated (NYSE: MWI) (TSX: MWI) announced today that Mark Hiltwein, its Executive Vice President and Chief Financial Officer, has...
- Research articles 2004-02-09
- BREAKING THE MARKET'S DEPENDENCE ON INDEPENDENCE: AN ALTERNATIVE TO THE "INDEPENDENT" OUTSIDE AUDITOR
- INTRODUCTIONA cornerstone of financial reporting by public companies is the requirement that their annual financial statements be audited by independent outside auditors. As a result of the rising tide of financial misstatements by public companies, however, there have been serious concerns as to whether outside auditors adequately carried out their...
- Research articles 2004-01-01
- RED ALERT
- The Red Cross Bali Appeal was subjected to a savage, but what proved to be unfair, chewing by some of the country's news hounds. An independent audit has since shown that the Australian public's well-meant pennies were used appropriately. THERASE KEATING looks at the fall-out from a stinging media onslaught...
- Research articles 2003-12-01
- Still counting the cost.
- Oct 22, 2003 (The Economist - ABIX via COMTEX) A string of corporate failures in the US has put the spotlight on auditors. Big firms that failed, such as Enron, often were monitored by auditors who had worked on the account for a decade. The...
- Research articles 2003-10-22
- Allegations Still Challenge Reputations of Nation's Largest Accounting Firms.
- By Ameet Sachdev, Chicago Tribune Knight Ridder/Tribune Business News Oct. 7--Early last year, auditor KPMG LLP was ready to make public its doubts about Spiegel Inc.'s ability to continue as a business. But the Downers Grove-based retailer, according to a subsequent SEC...
- Research articles 2003-10-07
- How a wool body chief was clipped.
- Aug 31, 2003 (The Australian - ABIX via COMTEX) The Australian Wool Innovation's AWI former MD, Col Dorber, is under fire for alleged mismanagement. The Australian Senate's Rural & Regional Affairs Committee Inquiry has tabled a PricewaterhouseCoopers audit that found Dorber paid millions of...
- Research articles 2003-08-31
- Accounting firms: ranked by number of local professionals as of May 31, 2003
- Rank Firm Telephone (last Address ...
- Research articles 2003-08-11
- Telekom appoints auditor for books.
- Jun 30, 2003 (The Asian Wall Street Journal - ABIX via COMTEX) Telekomunikiasi Indonesia Telekom was directed on 12 June 2003 to have its 2002 financial results re-audited. The direction came from the United States Securities & Exchange Commission SEC, which stated that the...
- Research articles 2003-06-30
- Pricewaterhouse agrees to 2nd settlement
- WASHINGTON -- PricewaterhouseCoopers, the nation's largest accounting firm, has agreed to pay $1 million to settle federal regulators' allegations that it engaged in improper professional conduct in its audit work -- the second time in less than a year it has been cited for that alleged infraction. PricewaterhouseCoopers...
- Research articles 2003-05-23
- Accountancy fees at risk from Sarbanes-Oxley.
- Byline: Shanny Basar The Big Four accountancy firms could lose millions of pounds in fees because of legislation introduced by the Sarbanes-Oxley Act in the US, according to research from BDO Stoy Hayward.It is estimated that the Big Four may lose pound sterling660m ([euro]1bn)...
- Research articles 2003-02-02
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