September 25, 2020

If A Tree Falls at a PCAOB Public Meeting About Partner Naming and No One Cares, Does It Make a Sound?

"The day after Thanksgiving is known in America as Black Friday – the opening of the pre-Christmas shopping season, when merchants launch midnight sales and dubious oddball discounts, and hordes of turkey-stuffed consumers storm the malls like barbarians at the gates.

This year the 4th of December should go down in Washington as Dull Grey Wednesday – the day that Jim Doty, chairman of the Public Company Accounting Oversight Board, hosted a public meeting to release his long-announced and little-awaited plan to require the auditors of US public companies to identify their lead partners by individual name.

By contrast to the chaos in the malls, hordes of investors and other financial information users yawned with indifference and turned back to shopping and fantasy football." [Jim Peterson at Re:Balance]

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