When accounting goes unaccounted for
The head of the U.S. audit watchdog said on Wednesday his organization may need to resort to enforcement actions against auditors based in China if they fail to hand over documents to U.S. regulators.
Jim Doty, head of the Public Company Accounting Oversight Board, told the U.S. Securities and Exchange Commission that enforcement "will be an increasing priority" if the SEC and PCAOB cannot end an impasse with Chinese regulators over access to audit work.
I was totally going to go but, um, I have to wash my cat's hair […]
Well, the PCAOB is slowly but surely cranking out more 2012 inspection reports and today, […]
The Public Company Accounting Oversight Board today announced a cooperative agreement with the Financial Supervisory Authority of Norway for the oversight of audit work performed by public accounting firms that practice in the two regulators’ respective jurisdictions. “With this agreement, Norway’s FSA and the PCAOB are joining forces to improve audit quality and protect investors,” said PCAOB Chairman James R. Doty. “I am pleased that the PCAOB is continuing to make progress in overcoming the obstacles that have in the past prevented PCAOB inspections in Europe.” [PCAOB]