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Sarbanes-Oxley News & Developments
Are Auditors and CFOs Growing Apart?'Part of it is that they want to stay independent,' says one finance chief, 'but part of it is that everyone is a little bit gun-shy.'
> > As the amount of communication between auditors and top executives has increased, the content of these conversations has become much more restricted, maintain many CFOs.
Many CFOs report that their auditors frequently check back with the national office on issues that in easier times would have been settled in a conversation with the on-site partner. "They appear to be much more careful to arrive at a consensus opinion," says Raymond Silcock, finance chief of Toronto-based Cott Corp., of his auditors at PricewaterhouseCoopers.
Source: CFO
Published:2004-10-08
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