Auditing Article 5 - I found this article at CFO.com

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I found this article at CFO.com The Crisis over How to Audit in a Crisis The PCAOB's standing advisory committee examines the task of recession-time  auditing, including the likelihood that fraud will be a growing problem. The Public Company Accounting Oversight Board, which oversees U.S. auditors, convened its  standing advisory group on Wednesday to discuss the impact of the financial crisis on the auditing  profession. Its conclusion: There's a lot to worry about, included increased pressure for fraudulent  behavior. Members of the 36-person group of advisors were concerned not only about increases in fraud,  however, but also about the need for more thorough analysis of financial statements, the importance  of considering liquidity, and various puzzles connected with the auditing of companies that are  recipients of government bailouts. Martin Baumann, the PCAOB's director of research and analysis, said that auditors will also need to 
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This note was uploaded on 11/05/2011 for the course ACCOUNTING 101 taught by Professor Online during the Spring '11 term at Colorado Technical University.

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Auditing Article 5 - I found this article at CFO.com

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