Auditors at Big Firms Cited Reviewed by Momizat on . [caption id="attachment_13078" align="aligncenter" width="615"] Wall Street Journal[/caption] In a brief but revealing article by the Wall Street Journal, audit [caption id="attachment_13078" align="aligncenter" width="615"] Wall Street Journal[/caption] In a brief but revealing article by the Wall Street Journal, audit Rating: 0
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Auditors at Big Firms Cited

Wall Street Journal

Wall Street Journal

In a brief but revealing article by the Wall Street Journal, auditors at the seven largest accounting firms in the U.S. were cited for deficiencies found in 37.5 percent of the audits inspected by regulators.  The vast majority of the deficiencies involved evaluation of the market prices companies supplied for complex assets.  Citations were also made for failure to test managers’ assertions about the methods and data used to value assets.

The National Association of Certified Valuators and Analysts (NACVA) supports the users of business and intangible asset valuation services and financial forensic services, including damages determinations of all kinds and fraud detection and prevention, by training and certifying financial professionals in these disciplines.

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