A stunning legal upset against PwC on December 28, 2017, provides a rare glimpse into the kinds of audit failures that regulators have been harping on for years, although its ultimate weight on the burden of auditors to find fraud is not yet clear. PwC lost a critical legal argument in its defense against liability in the massive fraud and failure at Colonial Bancgroup in 2009 at the peak of the financial crisis.
PCAOB findings on PwC, EY show small improvements The Public Company Accounting Oversight Board released its latest inspection reports for EY and PwC, documenting another year of small change in audit deficiency findings. Both PwC and EY knocked two percentage points off their rate of deficiency from the prior year. PwC fell from 22 percent in 2015 to 20 percent in 2016, and EY dropped from 29 percent in 2015 to 27 percent in 2016.
Another new study confirms public company audit costs inched upward in 2016, albeit by a smaller amount than in 2015. The latest analysis by Financial Executives Research Foundation says public filings show public companies paid a median 2.6 percent more in audit fees in 2016 than they did in 2015, when fees rose by 3.5 percent.
Muck Rack makes it simple to find people, tweets, or articles that mention any name, keyword, company, hashtag etc. We've compiled this guide to help you make the most of your search.
Selecting a term
Start searching tweets, articles from media outlets, articles mentioned in tweets, journalists'
names, titles and bios with some suggested searches:
Companies or Topics (e.g. iPhone, Microsoft)
Phrases (e.g. "cloud computing") — use quotes to keep the terms together
Twitter handles (e.g. @username) — returns those who have mentioned or replied to
Names (e.g. "David Pogue")
Hashtags (e.g. #sxsw, #london2012)
Bio details (e.g. vegan, Olympics, father)
Muck Rack's Advanced Search allows for many boolean operators.
Find results that mention multiple specified terms, use AND or
+. For example, ensure each result contains both Elon Musk and Mark Zuckerberg by
searching Musk AND Zuckerberg or Musk + Zuckerberg.
Use the operators OR or , to broaden your search when you'd like either of
multiple terms to appear in results. (This is the default behavior of our search when no operators
are used). For example, results will contain either cake or cookie by searching cake OR cookie or cake,cookie
Use NOT or - to subtract results from your search. For
example, searching Disney will yield results about the Walt Disney Company as well as Walt Disney
World Resort. To exclude mentions of Disney World, search for Disney -World or Disney
When using one of these operators with a phrase, enclose it in quotation marks. For example, you can
find results about smartphones excluding Apple's iPhone 4S by searching smartphone -"iPhone
Exact case matching or punctuation
If you're searching for a brand name or keyword that relies on specific punctuation marks or capitalization, you can
find results that match your exact query by adding matchcase: before the keyword you're searching for, like matchcase:E*TRADE .
Use parentheses to separate multiple
boolean phrases. For example, to find journalists talking about having fun in Disney World or
Disneyland, search for ("disney world" OR disneyland) AND fun.
An asterisk can be used to search for any variation of a root word truncated by the asterisk. For example, searching for admin* will return results for administrator, administration, administer, administered, etc.
A near operator is an AND operator where you can control the distance between the words. You can vary the distance the near operation uses by adding a forward slash and number (between 0-99) such as strawberries NEAR/10 "whipped cream", which means the strawberries must exist within 10 words of "whipped cream".