The more a Big Four firm pays its auditors, the fewer restatements its clients have, finds a new study.
An employee at the accounting oversight board leaked news of upcoming inspections to a former PCAOB employee who'd moved to the audit firm.
The company's auditor refuses to certify its Q3 results in “a highly unusual signal of doubt about [its] ability to recover its financial health."
Among other worrisome findings, 23% of non-listed ECGs disclosed that they were shell companies.
Sens. Jack Reed and Chuck Grassley say the secrecy of board disciplinary proceedings is keeping critical information from investors.
The analytics company was delisted from the Nasdaq exchange after failing to submit SEC filings for almost a year.
Only human beings, such as the auditor, can tell the true story behind the data.
In exchange, GE will get to shed salaries while still benefiting from the expertise of a team it apparently continues to value highly.
The SEC also accused the company of failing to maintain adequate internal controls after employees reported their concerns to the ethics board.
More than four in ten (41%) audit committee members say the effectiveness of companies' risk management programs poses the greatest challenge this…