On Thursday August 5th, I covered the PCAOB’s Open Meeting and wrote up a report for the FEI Blog. I’d like to make a few more comments about the meeting yesterday.
I was both surprised and very pleased when Chairman Goelzer announced that he’ll request Congress to amend Sarbanes-Oxley to open the PCAOB’s disciplinary proceedings to public view, in line with the SEC. I was also gratified. I made this suggestion and many times have pointed out the challenge to investors’ right to know about an important gatekeeper – the auditors.