audit failure in a sentence
1) The Enron scandal was defined as being one of the biggest audit failures .
2) The number of "audit failures" says nothing about misjudgments in the gray area.
audit collocations
3) The second underlying problem is unexpected company collapses, which are popularly assumed to indicate audit failures.
4) Accordingly, financial auditing standards and methods have tended to change significantly only after auditing failures.
audit failure example sentences
5) Common sense suggests that the real risk of audit failure has nothing to do with independence.6) As auditors move towards continual improvement in audit quality, the chance of audit failure significantly decreases.
7) And, presumably, every error by an auditor does not lead to an audit failure.
8) So much has been written lately about accounting scandals, audit failures, and the financial crisis.
9) Until an alleged audit failure is investigated, the Institute does not know whether there has been negligence.
10) Goodyear CFO Darren Wells, for example, said auditor rotation should only be required after an audit failure.
11) Moreover, audit failures arise from a multiplicity of causes, of which an impairment of independence is but one.
12) The Commission is aware of only those audit failures it discovers or that are made public; presumably there are more.
13) In addition to being the largest bankruptcy reorganization in American history, the Enron scandal undoubtedly is the biggest audit failure.
14) Subsequent to the issuance of SAS 59, there has been only a modest reduction in the frequency of audit failures.
example sentences with audit
15) The likelihood of audit failure, in turn, is attributable to many factors, only one of which is auditor independence.16) This risk of liability is attributable to a variety of factors, only one of which is the risk of audit failure.
17) Recently, human errors in payroll processing, combined with audit failures, led to overpayments amounting to over £70,000 being kept by employees of the Rutland County Council in the United Kingdom.
18) The disclaimer is usually so wide ranging that it appears to materially impact the investors' ability to sue the auditor in the event of audit failure (which, of course, is the idea).
19) Although it is unlikely that audit failures will ever be eliminated, if firms adopt this type of approach it is realistic to think that crises in the future will not leave such drastic results.
20) Second, there are numerous examples in recent years of audit failures which have resulted in public comment, action and professional disciplining.
21) Again, it is limited but it shows that an audit failure is three times as likely to occur in the first two years after a change in auditor as in subsequent years.
22) I was also surprised that Professor Lee should suggest that the paper issued by the Big Six seeks to ignore possible links between business and audit failure.
23) One option would be to deny that the events in question do represent audit failures and to roundly condemn those who criticise the profession for the alleged lapses.
24) In addition to being the largest bankruptcy reorganization in American history at that time, Enron was attributed as the biggest audit failure.
25) The FRAT Force will focus on detecting and enforcing possible securities law violations relating to the preparation of financial statements, issuer reporting and disclosure, and audit failures.
26) The Windows Logs Security event log will contain an IPsec audit failure.
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