Archive for the ‘Audit Quality’ Category

Approved! All Together Now – EY To Be One Firm (Except US, Of Course)

By Francine • Jun 3rd, 2008

Ernst & Young Completes Groundbreaking Globalization Move
EY Partners Overwhelmingly Approve the Creation of EMEIA
LONDON–(BUSINESS WIRE)–Ernst & Young today announces that its partners across Western and Eastern Europe, the Middle East, India and Africa have overwhelmingly approved the proposed integration of its country practices into a single EMEIA Area.
The new Area will be a US$11 billion [...]

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More On The CAQ Survey

By Francine • Apr 11th, 2008

…The CAQ sits at the same point on the Disraeli scale as any other lobbying organizations who conciously produce data that they intend to be mistaken for information. But, there should be an important difference: the CAQ is controlled by audit firms who, according to the “P” in “CPA”, purport to be ethically bound [...]

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The FT’s April Fool’s Day Column

By Francine • Apr 3rd, 2008

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As many of you, I hope, have deduced by now, my April 1 post on the naming of the new US regulatory agency was an April Fool’s Day post.

The idea came to me in a dream…  

So you can imagine my exciting life if I’m dreaming about parodies for my blog.  But I digress…

The [...]

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KPMG And New Century – The Deed Was Done

By Francine • Mar 26th, 2008

And this dispatch from an Australian blogger , who makes the connection between KPMG/New Century and KPMG and some recent failures amongst their clients down under….
…According to the report, one of the reasons for KPMG’s apparent gross failure to adequately undertake its responsibilities was due to it being intimidated by the forceful nature of New [...]

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Live From The Capital Markets Summit

By Francine • Mar 26th, 2008

The summit started a little slowly. One panel included Steve Bartlett of Financial Services Roundtable. He rattled off several proposed reforms they are putting on the table for legislative action. Then they didn’t allow questions from the audience in order to stay on schedule.
One proposed reform is to allow the audit firms to raise [...]

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Oh! How The Mighty Have Fallen – Update On Auditors And Their Banking Clients

By Francine • Mar 20th, 2008

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Back in November, I wrote about the imperial bankers and the impending doom and gloom that permeated the market.

I warned that the CEOs and their Big 4 buddies should be nervous, too.   The Big 4 are now inextricably tied to their clients’ fortunes. Lawsuits are flying fast and furious as soon as any [...]

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