Question
As of 2018, one of the largest audit firms, KPMG, has been auditing General Electric (GE) for over a hundred years. The relationship between the
As of 2018, one of the largest audit firms, KPMG, has been auditing General Electric (GE) for over a hundred years. The relationship between the client and the auditor can become very "comfortable" after working together for that many years.
Read thisarticleabout GE considering discontinuing their services with KMPG to hire a new audit firm. In your opinion, why does GE want to change auditors? What are the requirements from Sarbanes-Oxley regarding using the same auditor?
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Horngrens Accounting
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
12th edition
9780134487151, 013448715X, 978-0134674681
