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Author:Hall, W. D.
Renner, A. J.
Title:Lessons that auditors ignore at their own risk
Journal:Journal of Accountancy
1988 : JUL, VOL. 166:1, p. 50-58
Index terms:AUDITING
LITIGATION
SECURITIES AND EXCHANGE COMMISSION
Language:eng
Abstract:Review of need for auditors to beware of litigation linked with initial public offerings /IPOs/. Litigation and suits against IPO auditors. The lessons to be drawn. Weak internal control and aggressive management. Sales records and honest managements. Changes in the way business is done. Confirmations and assurance. Changes in auditors and the information gap. Expense deferrals. Auditing and dealing with former coworkers. A Box reviews law suits and the special investigations committee.
SCIMA record nr: 73939
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