Financial Accounting Blog

Thursday, August 19, 2004

Wow. According to Accounting Web, auditor turnover is running at a furious pace.
"By the end of last month more than 900 businesses said goodbye to their auditors - about the same number as in all 12 months of the previous year. However, nearly 700 of the 900 companies in a recent survey on auditor turnover gave no reason at all for the change according to the Wall Street Journal."