I view successful
litigation against negligent auditors and strong
enforcement of sanctions for auditor malpractice as positive developments.
This is a view many of my readers would disagree with. However, I've learned
over the last four years not to get too excited by any one positive development...
In the last few weeks, I've written two very different
stories about Deloitte:
One, published as media criticism by the Columbia
Journalism Review , skewers new Deloitte Global CEO Barry Salzberg - and The
New York Times - for misdirecting readers from real world issues with a puff
by David Tate
Many comments have already been made about the speech by
James Doty (Chair, PCAOB) on June 2, 2011 at the SEC and Financial Reporting
Institute 30 th Annual Conference. See the speech at http://pcaobus.org/News/Speech/Pages/06022011_DotyKeynoteAddress.aspx
I lend some of my thoughts...
Don't get me wrong.
I'm thrilled that there's a lot of traffic in my lane.
What I mean is, it's good for everyone that we're talking about these issues
and that someone other than me and a few other broken records are playing these tunes.
Fairly new PCAOB Chairman Jim Doty...