negotiations

What’s the PCAOB’s Next Move on China?

Earlier this week, we learned that the PCAOB was dealt a blow last month when their negotiations with China fell through. Paul Gillis weighed in earlier today with a grim prognosis: There are no good options left for the PCAOB. Successful short seller attacks indicate that fraud and auditing failures continue to be a problem […]

Promontory Financial Shows PwC, Deloitte How Brinkmanship Is Done

Promontory Financial, after threatening to sue New York's Department of Financial Services, agreed to settle with the regulator over its actions in representing Standard Chartered Bank today. The firm will pay a $15 million fine and forgo consulting gigs with New York banks for six months. Contrast that with the deals PwC and Deloitte got: […]