Deloitte & Touche Quality control under fire

摘要

Accounting firm Deloitte & Touche repeatedly failed to support its assumptions in problematic audits first flagged in a 2007 inspection, the industry oversight board said in a report. The Public Company Accounting Board investigated Deloitte's practices in 2007 and found instances when the firm relied too heavily on its clients' valuation of assets and assumptions on income taxes. The watchdog also said Deloitte did not sufficiently monitor its foreign affiliates. Deloitte says it's working to improve its practices.