Problems found in auditing industry
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WASHINGTON -- The first inspections of the Big Four accounting firms by the board overseeing the industry turned up significant problems in their audits of companies' books and quality control, but the findings don't constitute a &quot;broad negative assessment,&quot; an official said yesterday. .
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Congress and two states scrutinize the relicensing process after a federal audit found problems with safety documents.
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Enforcers at the accounting industry's oversight board are aggressively pursuing "numerous" investigations of rule violations and audit failures, officials told a Washington audience yesterday.
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The FBI, which has had trouble keeping track of its guns and laptops, also has a chronic problem paying its phone bills on time, according to audit results released yesterday.
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A spate of circulation scandals could lead to tougher rules for the entire newspaper industry in the coming weeks. The Audit Bureau of Circulations, which is responsible
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The watchdog set up to keep auditors in line after scandals at firms such as Enron finds "significant issues" in its first inspection.
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Initial reviews of the nation&#39;s largest accounting firms have turned up numerous rule violations and shoddy recordkeeping practices, as regulators embarked on a new effort to regularly examine auditors&#39; work.
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Auditor KPMG says it isn't ready. Struggling IT services giant is also probing its bonus plan.
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Workers were frustrated there was no industrywide standard for reporting suspicious activity - until now.
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Firms in the Middle East and South Asia face problems after undersea broadband cables were damaged.
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Wall Street equity analysts have had their share of problems in recent years, from regulatory heat to budget cuts to a loss of star power and prestige.
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An overwhelming percentage of businesses still fall far short in their efforts to comply with industry data-handling regulations and reduce their likelihood of experiencing a serious leakage incident, according to new a survey.
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Revelations of corporate fraud are dependent on a wide range of sometimes unlikely players.
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ST. JOHN'S, Nfld. (CP) - Poor management and questionable expenses plague two independent offices set up two years ago as part of Newfoundland's promise of greater openness and accountability, says the province's auditor general.
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A government report highlights shortcomings in the Securities and Exchange Commissionâs efforts to battle insider trading and market manipulation.
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Problems can include the lack of management tools, incompatibilities and support issues,  one consultant explains.
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Businesses need to screen potential employees more carefully, report says.