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Broker-Dealer Audits Still Badly Broken

On August 19, 2013, the Public Company Accounting Oversight Board, the audit industry regulator, released its second report on its interim inspection program for auditors of brokers-dealers registered with the Securities and Exchange Commission. The PCAOB’s second “progress” report...

Call of Duty: Who Has The Last Word On “Network” Audits of US-Listed Companies?

On December 4 the PCAOB re-proposed a rule to require public companies to disclose the engagement partner’s name for the most recent period’s audit and the names, locations, and extent of participation of other public accounting firms that supported the completion of the audit. There are...