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Auditing Firm
(redirected from Auditing Firms)

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Auditing Firm
A company that reviews activities to identify inefficiencies, reduce costs, and otherwise achieve organizational objectives. Auditing firms may investigate potential theft or fraud and ensure compliance with applicable regulations and policies. They also help to ensure the accuracy of reports. Audits are an essential part of a company's efficiency. See also: Internal auditor, External auditor.


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Firm Structure and Finances Organizational structure, financial resources and communication of the public company auditing profession were covered by this subcommittee whose recommendations included: * Creation of a center for auditing firms and other market participants to share fraud prevention and detection experiences, the development of best practices regarding fraud prevention and detection, and clarification of communications with the public to strengthen the audit process.
These are major wins for both auditing firms and their clients.
Misuzu, formerly ChuoAoyama PricewaterhouseCoopers, one of the top four auditing firms in Japan, came under fire because of its inability to discover financial misconduct by client Nikko Cordial Corp.
 
 
 
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