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Sarbanes-Oxley News & Developments
Auditor Changes Accompany Controls Woes According to a recent report Big Four firms had a net loss of 59 clients among firms revealing internal controls shortfalls, while smaller audit firms picked up 49 customers
> > Companies reporting internal-controls glitches in their financial reporting under the Sarbanes-Oxley Act are likely to be changing auditors, a study by Financial Executives International suggests. And the change is likely to be from one of the Big Four to a smaller audit firm.
Source: CFO
Published:2005-05-24
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