Comments on: PCAOB Pushes Auditing Standard 5 – How’s That Working Out For You? http://retheauditors.com/2008/05/09/pcaob-pushes-auditing-standard-5-hows-that-working-out-for-you/ The Business of the Big 4 Audit Firms Wed, 08 Feb 2012 21:24:11 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: re: The Auditors » Blog Archive » Auditing Standard 5: How Now, Brown Cow? http://retheauditors.com/2008/05/09/pcaob-pushes-auditing-standard-5-hows-that-working-out-for-you/comment-page-1/#comment-70067 re: The Auditors » Blog Archive » Auditing Standard 5: How Now, Brown Cow? Sun, 27 Dec 2009 18:14:06 +0000 http://76.12.174.187/?p=692#comment-70067 [...] by the eight largest domestic registered audit firms in 2007 and 2008. In the Spring of 2008, the SEC sent their dog, the PCAOB, to hunt firms who were not implementing Auditing Standard 5 in their [...] [...] by the eight largest domestic registered audit firms in 2007 and 2008. In the Spring of 2008, the SEC sent their dog, the PCAOB, to hunt firms who were not implementing Auditing Standard 5 in their [...]

]]> By: re: The Auditors » Blog Archive » @Going_Concern - Making Money The Old Fashioned Way: Exploiting IFRS Mandates http://retheauditors.com/2008/05/09/pcaob-pushes-auditing-standard-5-hows-that-working-out-for-you/comment-page-1/#comment-20948 re: The Auditors » Blog Archive » @Going_Concern - Making Money The Old Fashioned Way: Exploiting IFRS Mandates Wed, 02 Sep 2009 21:43:35 +0000 http://76.12.174.187/?p=692#comment-20948 [...] a complete stop when Auditing Standard 5 was passed in early 2007 and hit a full stop when the SEC started pushing AS5 via the PCAOB in [...] [...] a complete stop when Auditing Standard 5 was passed in early 2007 and hit a full stop when the SEC started pushing AS5 via the PCAOB in [...]

]]> By: re: The Auditors » Blog Archive » How Satyam Supported PwC’s Schizophrenic Strategy To Reenter The Systems Integration Business http://retheauditors.com/2008/05/09/pcaob-pushes-auditing-standard-5-hows-that-working-out-for-you/comment-page-1/#comment-5226 re: The Auditors » Blog Archive » How Satyam Supported PwC’s Schizophrenic Strategy To Reenter The Systems Integration Business Wed, 27 May 2009 04:23:51 +0000 http://76.12.174.187/?p=692#comment-5226 [...] decision to go back big was made, primarily because of the pressure on Sarbanes-Oxley fees after Auditing Standard 5 was enacted, PwC had to find a way around their own weakness in technology leadership, lack of [...] [...] decision to go back big was made, primarily because of the pressure on Sarbanes-Oxley fees after Auditing Standard 5 was enacted, PwC had to find a way around their own weakness in technology leadership, lack of [...]

]]> By: Francine McKenna http://retheauditors.com/2008/05/09/pcaob-pushes-auditing-standard-5-hows-that-working-out-for-you/comment-page-1/#comment-563 Francine McKenna Fri, 09 May 2008 23:16:00 +0000 http://76.12.174.187/?p=692#comment-563 @Anonymous Well, given that AS5 integrates the opinions into one, it makes it a little more difficult. Which was the gist of my question to Cox at the forum a few weeks ago. But why don't you give me some examples of the significant deficiencies and material weaknesses your clients have and I will try to explain my position in a new post using those examples. @Anonymous Well, given that AS5 integrates the opinions into one, it makes it a little more difficult. Which was the gist of my question to Cox at the forum a few weeks ago. But why don’t you give me some examples of the significant deficiencies and material weaknesses your clients have and I will try to explain my position in a new post using those examples.

]]> By: Anonymous http://retheauditors.com/2008/05/09/pcaob-pushes-auditing-standard-5-hows-that-working-out-for-you/comment-page-1/#comment-562 Anonymous Fri, 09 May 2008 20:29:00 +0000 http://76.12.174.187/?p=692#comment-562 Love the blog.<br/><br/>At some point, I would like you to summarize why you think that you can't give a clean opinion on the financial statements without giving an opinion that the internal control process is effective. I don't think I've ever had a client that didn't have significant deficiencies or material weaknesses, but I've always thought the financial statements with materially correct. Love the blog.

At some point, I would like you to summarize why you think that you can’t give a clean opinion on the financial statements without giving an opinion that the internal control process is effective. I don’t think I’ve ever had a client that didn’t have significant deficiencies or material weaknesses, but I’ve always thought the financial statements with materially correct.

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