Accounting Firms Form Audit Review Group

Law360, New York (January 31, 2007, 12:00 AM EST) -- In an industry still reeling from accounting scandals from the late 1990s, the country's largest auditors have formed a nonprofit group which seeks to restore shareholders’ confidence by involving them in improving auditing procedures.

The Washington D.C.-based Center for Audit Quality was created by the American Institute of CPAs and eight firms, including BDO Seidman LLP, Deloitte & Touche USA LLP, Ernst & Young LLP, KPMG LLP and PricewaterhouseCoopers LLP. The center’s goal is to work with investors, accounting firms, lawmakers and regulators to improve and...
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