| 15.06.2009 Opalesque Exclusive: More time and money spent on audits as managers and auditors rely on best judgment where accounting standards are not yet clear |
| From Kirsten Bischoff, Opalesque New York: Whether the move to enforce mark-to-market accounting served to fan the flames of the financial crisis or not, is an ongoing debate and typically where the focus of accounting standards discussions winds up. However for managers, another effect that hits close to home is the increased time and cost spent auditing funds. As accounting standards are |
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