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FEI Blog SOX 404: Six Largest Global Audit Firms Propose New Reporting Model, Reduce Liability, More Forensic Audits

FEI Blog SOX 404: Six Largest Global Audit Firms Propose New Reporting Model, Reduce Liability, More Forensic Audits

by Toby Lucich on November 8, 2006

Nov 8, 2006

The CEO’s of the six largest global audit firms issued a joint proposal today calling for changes to the business reporting model, reduced liability for auditors, and increased forensic procedures on at least a rotational basis to stem fraud.

The proposal, “Global Capital Markets and the Global Economy: A Vision from the CEOs of the International Audit Networks,” was issued jointly by the CEOs of the six largest international audit firms: BDO International, Deloitte, Ernst & Young, Grant Thornton International, KPMG, and PricewaterhouseCoopers

Six Largest Global Audit Firms Propose New Reporting Model, Reduce Liability, More Forensic Audits

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