Okay team, are we ready to do this? The first panel will be informative but fairly uneventful unless one of David Vitter’s hookers shows up unexpectedly and demands that her opinion be heard and the chances of that seem slim. The second panel may have more excitement since we have Anton Valukas and Lynn Turner in one corner and Cynthia Fornelli of the Center for Audit Quality and Thomas Quaadman of the U.S. Chamber of Commerce in other but we’ll see how things go.
We’re using a different method of live-blogging today, trying out Cover it Live for the first time on GC. You’ll be able to follow our coverage (after the jump and watch the hearing live here) and comment in real time. Once you submit your comment, I’ll simply approve it (just so long as you don’t say anything especially idiotic or offensive) and it will appear right alongside my comments. Professor Dave Albrecht is also live-blogging, so jump over to The Summa to check out his thoughts. Also, Adrienne is on the Hill today live-tweeting the proceedings, so be sure to keep tabs on the details she’s providing on nervous staffers, Brooks Brothers suits and male-pattern baldness. All right, let’s get on with it, shall we?
“The public has every right to conclude that auditors who hold themselves out as independent will stand up to management and notsuccumb to pressure to avoid rocking the boat.”