Whole Network Most Recent TOP10 Accounting Compliance Ethics SOX

 

PCAOB punches Grant Thornton

Filed in archive Accounting by leon on April 16, 2008

brokencalculator.jpeg


Accounting firm Grant Thornton has been hauled over the coals by the Public Company Accounting Oversight Board for its slack audits.

With one client, the so-called experts at Grant Thornton failed to test the revenue and cost of revenue cycles and had failed to test certain value the company had placed on stock options it had issued actually measured up.

With another client, the PCAOB said the firm had failed to adequately test the valuation assertion regarding inventory.

And so the list goes.

Interestingly enough, the firm is quite conciliatory in its response.

And of course, the clients are not identified, leaving investors in the dark. Guess we can't have too much transparency, can we?


Advertisement


Permalink: PCAOB punches Grant Thornton
Tags: Grant  Thornton  PCAOB    2007  grant+thornton  conrad+black  punches+grant 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/120401



Advertisement


Advertisement


CW ToolbarInstall
RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter

Use our search feature to look for other interesting posts

Just this blog Whole network
Advertisement -
Book yours here..


 
  • Would you like to have a new interactive marketing channel for your company? Learn more about Sponsored Blogs with Creative Weblogging. See how we helped companies like Weblin and cellity reach their goals.
  • Would you like to reach millions of blog readers every day? See you banner on hundreds of blogs with TierOneAds? Stay in control measuring conversion in real time. Register now.
  • Would you like to make more money blogging? Use TierOneAds a new platform that allows you as a blogger to set your prices per impression. Register now.
  • Do you have a blog with more than 50k page views from the US? Let us market your blog and earn great fix payments and bonuses.
  • Would you like to see your text link here? Let us know!
Advertisement
Book yours here.



  • Other blogs in the same channel in the Creative Weblogging Network

Advertisement -
Book yours here..






Advertisement - Book yours here..
 
Tagcloud: Accounting boards of directors Compliance corporate crime corporate governance corporate reputation Ethics events executive pay litigation markets regulators risk shareholder activism SOX Sponsored Blog strategy