E-Book, Englisch, Band Band 163, 5 Seiten
E-Book, Englisch, Band Band 163, 5 Seiten
Reihe: Aus der Reihe: e-fellows.net stipendiaten-wissen
ISBN: 978-3-640-97569-3
Verlag: GRIN Publishing
Format: EPUB
Kopierschutz: Kein
This paper attempts to shine light on the EM.TV story, focusing on the role of the auditors. While definitely playing a central role, it will be shown that auditing in this particular case rather helped to dismantle the problematic issues and to reveal a more realistic assessment of the company’s financial health. I will first give a brief overview of the discussed company as well as the special stock market environment it operated in. Secondly, I will summarize the major accounting malpractices that, consequently, have made this issue so relevant for the topic of auditing. The main part will then analyze the auditing and accountability issues, in this case implemented by PriceWaterhouseCoopers (PwC), by outlining their approach and methodology, and the subsequent actions taken. This will then be drawn further to discuss and conclude with general effects on the auditing market, especially in Germany.