The results of a recent E&Y survey investigating financial manipulation must stun even the most cynical observers of accounting practice,: Of the board members and senior management surveyed from companies in Europe, Middle East, India and Africa (EMEIA), 42% stated that…
I need to be careful here, because this is something I was told second hand: India has bailed out of IFRS. My source is a member of the Consultative Advisory Group of the International Auditing and Assurance Standards Board. He…
As I wrote a few weeks ago, the most recent display of public handwringing is taking place in Europe over the distinct possibility that one of the Big Four could be forced out of the auditing business. According to a…
M. Michel BarnierEuropean Commissioner for Internal Market and Services Re: Green Paper, "Audit Policy: Lessons from the Crisis" Dear M. Barnier: My fellow blogger, Francine McKenna, has recently observed that the negative consequences of "Big Four" dominance of auditing services to…
This is the first of a series to discuss the results of our IFRS opinion survey. The idea for a survey originated with yours truly, and I was moved to do so (more like propellled with outrage) by the ersatz pro-IFRS "research"…