Auditor Rotation Proposal Just More Spin via Storify

By Francine • Aug 18th, 2011 • Category: Food for Thought, Pure Content

Share

Francine is
Email this author | All posts by Francine

3 Responses »

  1. Warren Miller, CFA, CPA on August 22nd, 2011 at 2:43 pm:

    And your solution is what? To hand it over to the GAO or a similar agency of the federal government?

  2. Francine on August 22nd, 2011 at 4:46 pm:

    @Warren Miller

    Actually, I like the idea of audit only firms. That’s what’s being discussed seriously by the EU.

    http://jimhamiltonblog.blogspot.com/2011/08/commissioner-barnier-says-european.html

    Audit only firms would be assigned and paid by GAO, perhaps, and just do the work. GAO would assign teams, combining and picking and choosing from them, as needed for expertise and hiring other experts for specialized work as they do for their own audits. Companies would pay for audits on a fee basis to the government, not the firms and that would be allocated to the firms based government rates.

  3. re: The Auditors » Blog Archive » At Deloitte, More Pain Before Any Quality Gain on December 1st, 2011 at 11:20 am:

    [...] shows how difficult it is for Deloitte leadership to steer the largest global firm away from the “audit failure” [...]

Leave a Reply