BDO USA Is Finally Trying to Do Something to Improve Its Horrible Audit Quality
While PCAOB inspection reports are only one indicator of how good or bad a public accounting firm’s audit quality is, it’s still pretty embarrassing when a firm gets a bad report card. Consecutive years of horrible inspection reports (2013 and 2014) is what drove KPMG executives to hatch a scheme to steal confidential audit inspection […]
Grant Thornton Jumps on the ‘Let’s Form a Panel to Show We’re Committed to Audit Quality’ Bandwagon
Last week we let you guys know about a three-member independent committee EY recently created that will be tasked with advising senior leadership on how to strengthen audit quality. Not to be outdone, Grant Thornton announced Jan. 30 that it, too, has formed a three-member, mostly independent panel that will counsel the firm’s partnership board […]