Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion. Directors would have to repay their bonuses if the company went …
A California court has dismissed a lawsuit filed by Alabama State University against the auditing firm that’s reviewing the school’s finances. An attorney for Forensic Strategic Solutions said that Los Angeles Superior Court Judge Richard Fruin threw out the case …
Investors looking to pin blame on auditors for failing to flag risks ahead of the credit crisis are having a hard time getting their cases to stick. All of the “Big Four” auditors have been sued by investors who collectively …
