Auditors are traditionally quiet participants in a company’s final annual report, signing their firm’s name on a form letter with a simple pass or fail grade. But a push to gain more insight into their process is growing globally, meeting demands for more disclosure from both regulators and investors. The Public Company Accounting Oversight Board, the U.S. government’s audit watchdog, said it will issue a proposal on auditor identification by December. “The chairman has made it a priority,” PCAOB spokeswoman Colleen Brennan said. [CFOJ]
Related Posts
Watering Down Data Analytics for Dumb Accountants
- Megan Lewczyk
- November 20, 2017
Most accountants, especially CPAs, seem smart on paper. Some even live up to it in […]
Share this:
Petty Thieves Being Mistaken for Big 4 Auditors Now
- Caleb Newquist
- April 11, 2014
If there's one thing clients can't stand, it's a pesky auditor. They're always asking stupid […]
Share this:
The PCAOB Is Not Impressed with the Quality of Firms’ 2021 Audits
- Going Concern News Desk
- December 10, 2022
The PCAOB should be dropping the first batch of 2021 inspection reports soon, and as […]