New York (Sept. 16, 2004) -- One month after releasing the findings of its limited inspections of the Big Four, the Public Company Accounting Oversight Board warned that its more comprehensive 2004 check-ups will place a heavy emphasis on fraud detection and retention.
“We’re focusing on big-ticket items like fraud and adequate documentation,” explained George Diacont, director of inspections and registration for the oversight body. “We want to ensure that firms are complying with SAS 99.”
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