The Journal of Accountancy interviewed PCAOB board members Jay Hanson and Lewis Ferguson for a piece in its September issue and the conversation is surprisingly candid. For example, Ferguson totally gets that auditors are sick of the PCAOB's alleged moving target, but has faith these auditors will appease their regulatory overlords anyway: "I’m not aware […]
Board member Lewis Ferguson tells of China's teasing ways in a speech that he's giving at the California State University SEC Financial Reporting Conference in Irvine: As a first step toward further cooperation [with China], we are working toward and have tentatively agreed on observational visits where PCAOB inspectors would observe the Chinese authorities conducting […]
Last week the bane of Big 4 auditors existence, the PCAOB, broke their cherry on releasing Part II of an inspection report for a Big 4 firm. The honor went to Deloitte, who sufficiently blew off the Board’s recommendations for 12 months, which led to the release of Part II.
Bloomberg‘s Jonathan Weil, who usually sits back with popcorn while these things go down before chiming in, got to it today but with a twist that you probably weren’t expecting: