1.   Lawyers are extorting money from audit firms on the principle that auditors are economically rational and settlements are cheaper than defences.

2.   There is a high cost in time and money for audit firms in competing in a change in auditors.

3.   He interned with a St. Petersburg-based audit firm called ALCO, one of the first in Russia.

4.   In that decision, Andersen committed to recast itself as an audit firm and to spin off most of its consulting, tax advisory and other businesses.

5.   McCall also proposed prohibiting companies from hiring accountants away from their audit firms for two years.

6.   Since the act, an audit firm can only be held liable for the entire damages if plaintiffs can prove the auditors had an intent to defraud.

7.   Still, the accounting firms are likely to be more restrained than the contingency audit firms.

8.   That appeared to be a reference to worries that audit firms need the competencies of consultants.

9.   The House resolution allows the speaker to pick an independent audit firm to be supervised by the Republican-controlled House oversight committee.

10.   The SEC also relaxed its proposal to bar audit firms from performing internal audit functions for their audit clients.