Will Auditors Be Held Accountable? The PCAOB Has A Plan

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...

Two Wildly Different Stories About Deloitte: Or Are They?

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 piece....

Comments about James Doty’s Speech – A Poor State of the Audit . . . and the Profession

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...

Going In Circles: A Few Remarks On Audit Reform

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...