Two external auditors accepted ? 1040
CMA00 last edited by
For one of our locations, it will be necessary to be certified by PWC instead of DTT which is in charge all the company.
Does SOX accept two different auditor companies providing certification of SOX compliance ?
Ross last edited by
Please pardon the belated response.
I worked on a 404 Audit earlier this year and both KPMG and DTT were
on site. KPMG was the lead and DTT had the redundancy aspect.
I should also qualify this: The prescence of both was mandated by the
DOJ based on a legal settlement and its parameters.
Hope this helps.
kymike last edited by
Only one will certify and render an opinion to be included in your external FS. IF D-and-T is the primary auditor, then they will provide the opinion. Is PWC testing on behalf of D-and-T for that location or on behalf of management?
Denis last edited by
As Mike correctly states only the lead auditor (the one that audits the SEC filing) gives any sort of certification. Individual locations would not normally be certified. The auditing standards cover reliance on the work of other auditors and PWC and DTT should be well aware of this. This should not be an issue for the auditee company.