Auditor Liability

Auditors Anticipate NY Ruling on Malpractice Exposure

Tammy Whitehouse September 13, 2010

The auditing profession is watching closely a hearing in New York Court of Appeals this week, expecting significant implications for auditor malpractice claims.A group of investors in the reinsurance firm American International Group are suing the company’s audit firm, PricewaterhouseCoopers, for failing to detect a long-running bid-rigging and accounting fraud...

SEC Hits Ernst & Young National Office With Action

Tammy Whitehouse December 28, 2009

The Securities and Exchange Commission has settled an $8.5 million enforcement action with Big 4 audit firm Ernst & Young, with charges reaching into the highest levels of the firm’s audit practice.The SEC charged Ernst & Young, three current partners and three former partners with issuing false and misleading audit...

Audit Firms Sure to Face New Litigation, Experts Say

Tammy Whitehouse July 22, 2009

Audit firms have so far managed to fend off any firm-busting liability claims, but research firm Audit Analytics is raising questions about whether that may change in the near future.Mark Cheffers, CEO of Audit Analytics, says audit firms likely will face some massive liability claims as the plaintiffs’ lawyers determine...

Compliance Week Podcasts ...

Every week we chat with leading thinkers in compliance, auditing, risk management, public policy and more. These short (10-15 minutes) interviews are free to all. Follow Compliance Week podcasts on iTunes.

Compliance Week LinkedIn Group

Compliance Week now has a companion group on LinkedIn, where members can network and discuss the compliance and governance news of the day. Open to all compliance professionals, free to join.

Survey of the Week

Deloitte is conducting their annual Look Before You Leap: Managing Risks in Global Investments survey to better understand the approaches companies are taking to address compliance and integrity-related risks in emerging markets.