|
|
07 Feb 2012
THE US AUDIT WATCHDOG has recruited a government auditor to its board.
The Public Company Accounting Oversight Board (PCAOB) has appointed current MD of the Governemnt Accountability Office Jeanette Franzel as a panel member, in a move investors believe could set back attempts to create tougher requirements on audit firms, The Wall Street Journal reports.
Further reading
The Securities and Exchange Commission names board members for the PCAOB which is a five member panel that inspects accounting firms and sets, as well as enforces rules on how they should conduct audits.
Franzel leads the team that audits the federal government's accounts.
PCAOB chairman James Doty (pictured) said: "Jeanette's extensive experience in the field of securities regulation and auditing standards will enable her to hit the ground running."
"I am delighted to have her join the board."
The PCAOB also announced that founding board member and ex-acting chairman Daniel Goelzer was stepping down. He helped launch the PCAOB in 2002
You may also like
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.
In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment