from the Public Company Accounting Oversight Board found that in 2018, 27.3% of EY's audits had "deficiencies," meaning the auditor didn't have sufficient evidence at the time to support its opinion on the company's financials. A deficiency doesn't necessarily mean the auditor's assessment of the company's financials was wrong. EY isn't alone: The PCAOB found that Deloitte's rate of deficiencies was 20% and KPMG's was 50% in 2018.
Cash fraud is uncommon, Taylor said, "mainly because of the thought that it's relatively straightforward to audit cash holdings." Presumably, the cash is either in the bank or not. That's what makes Wirecard's fraud "unparalleled," he added.
This guy looks like a Bond villian.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Take a look inside Rihanna's summer Hamptons rental - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Thank you rihanna . And people tell others that they are privileged? That's at least two units for the homeless. jakejrh12 Is she Crazy?
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Philippines investigates Wirecard's missing $2 billion - Financial Times - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Tell the banks to release the money!
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Germany's beleaguered Wirecard to proceed with business after insolvencyWirecard, the German scandal-hit payments company, said on Saturday it would proceed with business activities after filing for insolvency and expects a provisional administrator to be appointed by judicial authorities shortly.
La source: Reuters - 🏆 2. / 97 Lire la suite »
Wirecard is 'beyond salvagable' analyst says, and rivals won't benefit - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »
Analysis: Tesla is not valued as a tech company or auto company - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. HA HA HA HA HA HA 'rapidly building up a new industry' 1) Tesla hasn't grown revenue since Q4 2018- that's SEVEN quarters ago. 2) Last I checked, $TSLA made CARS (and poorly, at that). You know: tires, brakes, steering wheels, suspensions, interiors, exteriors, blah, blah, blah Maybe they should first think about building reliable cars that don’t break down a lot? Hate comments 😅
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »