U.S. and E.U. Mandates Fail to Eliminate Ill Effect of Long Auditor Tenures With Corporate Clients, Study Finds
February 26, 2018
February 26, 2018
SARASOTA, Florida, Feb. 26 -- The American Accounting Association issued the following news release:
Last year, in a pointed footnote to the scandal enveloping Wells Fargo, two major pension funds opposed ratification of the company's external auditor and called on Wells Fargo to explore changing audit firms. Yet, the company's relationship with the auditor, of 85 years' duration, continues today despite the objections of the two large shareholders, not to mention pro . . .
Last year, in a pointed footnote to the scandal enveloping Wells Fargo, two major pension funds opposed ratification of the company's external auditor and called on Wells Fargo to explore changing audit firms. Yet, the company's relationship with the auditor, of 85 years' duration, continues today despite the objections of the two large shareholders, not to mention pro . . .