PCAOB Waiting For Godot: Reporting On Auditor Performance During The Financial Crisis
By Francine • Oct 7th, 2010The PCAOB’s most recent summary of observations from their inspections process, Report on Inspection Observations of Auditing During the Economic Crisis, is a scathing report describing auditor failure during the crisis that mirrors, in many respects, the findings of the Audit Inspection Unit in the UK. In fact, the issues are quite similar and the firms’ stubborn refusal to acknowledge them is equally familiar.
Francine McKenna (@retheauditors) has more than twenty-five years of experience in consulting and professional services including tenure at two Big 4 firms, both in the US and abroad. Look for my column, 