We hit half-million: The Cidr Report

Thu May 1 19:56:23 UTC 2014

    Hey,

    I worked for them (AA) in the early 90's =D

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Alain Hebert                                ahebert at pubnix.net   
PubNIX Inc.        
50 boul. St-Charles
P.O. Box 26770     Beaconsfield, Quebec     H9W 6G7
Tel: 514-990-5911  http://www.pubnix.net    Fax: 514-990-9443

On 05/01/14 14:07, John Souter wrote:
> On 01/05/14 17:41, Owen DeLong wrote:
>> The problem with this theory is that if auditors can be so easily put to the
>> street, you run into the risk of auditors altering behavior to increase customer
>> satisfaction in ways that prevent them from providing the controls that are the
>> reason auditors exist in the first place.
> I disagree.  And the power balance is generally tilted way in favour of
> the auditors, as many people on this thread have already commented.  In
> my experience, most companies are afraid/inhibited to raise issues or
> challenge their auditors in any way.  Nobody is asking auditors to roll
> over, but if their behaviour is unprofessional/illogical, then a short
> sharp shock should do the trick.
>
>> If you don’t believe me, examine the history of Arthur Anderson and their
>> relationship with a certain Houston-based company which failed spectacularly.
> Can't really comment, but it was financial auditing, and ISTR that many
> things failed in that situation - not just financial auditing.
>
> John