If you have absolutely nothing to do this afternoon and were unable to book a flight to DC in time to sit in on the fantastic PCAOB independence and auditor rotation meeting happening NOW, Colin is live-tweeting from @going_concern all afternoon.
If you are looking for snarky, possibly unnecessary criticism of Big 4 (+ GT) CEOs' fashion sense and blubbering nonsense, you don't want to miss this. You may also luck out and catch snippets of useful commentary made by panel participants, the full list of which may be found from the PCAOB here.
Chipman, BoMo, Echevarria, Howe and Veihmeyer hit the stage at 4pm EST.
Your hashtag is #PCAOB, enjoy.
The dynamics at both the PCAOB and the Big Four are horrible. The incentive at the Big Four is to keep prices down to the point at which it’s impossible for a new entrant to break into their charmed group; after all, if it means they end up cutting corners, the worst that happens is that they get gummed by the toothless PCAOB. [