Auditor risk with mortgage‐backed M&As

All professional service advisors have experienced the devastating impact of the credit crisis upon the economy. But auditors are particularly affected—especially by merger‐and‐acquisition (M&A) transactions for targets with mortgage‐backed securities. The authors discuss the current M&A environment for these transactions, look at auditors' risks, and examine possible solutions. © 2009 Wiley Periodicals, Inc.