Auditor Changes Accompany Controls Woes

Big Four firms had a net loss of 59 clients among firms revealing internal controls shortfalls, while smaller audit firms picked up 49 customers, according to a new report

Companies reporting internal-controls glitches in their financial reporting under the Sarbanes-Oxley Act are likely to be changing auditors, a study by Financial Executives International suggests. And the change is likely to be from one of the Big Four to a smaller audit firm.

See full Article.