- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Companies and their auditors are following different going concern disclosure rules, leading to a puzzling disclosure from Sears that has left capital market players scratching their heads.
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Gatekeepers including chief financial officers and the chair of the audit committee have a responsibility to shareholders to report fraud wherever they find it–especially when that fraud involves an artificial intelligence tool meant to combat fraud.
Chinese authorities banned PwC’s Chinese unit from performing audits in the country for six months, labeling the subsidiary’s flawed audit work as complicit in the failure of giant property developer Evergrande.
Massachusetts-based technology company Circor International settled charges with the Securities and Exchange Commission regarding deficient internal accounting controls without paying a fine.
