Familiarity Breeding Contempt? Not In Corporate Auditing, Study Finds

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Familiarity Breeding Contempt? Not In Corporate Auditing, Study Finds

Familiarity may breed contempt, but between CFOs and auditors it is more likely to breed coziness, study finds

More needs to be done about the revolving door from accounting firms

Familiarity may breed contempt, as the old adage claims, but not in corporate accounting, according to some new research.

Qualivian Investment Partners July 2022 Performance Update

stocks performance 1651757664Qualivian Investment Partners performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more Dear Friends of the Fund, Please find our July 2022 performance report below for your review. Qualivian reached its four year track record in December 2021.  We are actively weighing investment proposals. Starting in November Read More

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In accounting, the term “familiarity threat” refers to the threat to auditor independence that arises when a CFO or other top executive of a company being audited was formerly employed by the accounting firm conducting the audit. In the years leading up to the notorious corporate accounting scandals at the turn of the century, about on