Sentences with phrase «clean audit opinions»

Livent's Receiver Manager sued former Livent auditor, Deloitte & Touche for issuing clean audit opinions and a comfort letter to potential investors in the face of numerous red flags indicating fraud by senior management that it said Deloitte... [more] Full article

Among other things, the Supreme Court of Canada highlighted the trial findings of negligence in continuing to issue clean audit opinions after knowing of deliberate deception by Livent management and what Deloitte itself characterised as «aggressive, if not questionable, accounting practices» on the part of Livent management.

The brazen nature of the fraud by management and the trial findings about Deloitte's willingness to issue a clean audit opinion despite knowing it had been intentionally deceived by management were extraordinary, as was the subsequent complete financial downfall of Livent shortly after Deloitte issued that clean opinion.

A Canadian accounting firm, Schwartz Levitsky Feldman («SLF»), had provided a clean audit opinion regarding the company as part of the private placement and was sued for alleged negligence and misrepresentations in its audit report by the one Ontario - based investor, Excalibur, on behalf of a proposed global class comprised of all worldwide investors.

Not exact matches

On that note, we've opened our books for five years running to a third - party auditor, and they checked our debits and credits, and we had five consecutive clean financial audit opinions.

There's not another military service that has one — yet we as a military service have five consecutive clean financial audit opinions.

In particular, inspections show that the vast majority of companies restating prior year financial statements because of material misstatements or errors received a «clean» audit opinion in the year in which the restatement was announced.

And, each year, our financial statements are audited by an independent CPA firm that gives us clean opinions.