US watchdog recruits federal government auditor
PCAOB hires MD of Government Accountability Office, in a move investors believe will stem tougher requirements on audit firms
PCAOB hires MD of Government Accountability Office, in a move investors believe will stem tougher requirements on audit firms
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.
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
The numbers you crunch tell a story. Your expertis...
12yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleKPMG has agreed to pay a $50m penalty after the American Securities and Exchange Commission (SEC) charged the firm with altering past audit work after...
View articleFormer PCAOB employees allegedly leaked confidential data to KPMG to help it pass audit inspections Read More...
View articleThe US-based watchdog levied this fine following PwC’s failure to observe rules relating to customer protection when auditing Merrill-Lynch Read More...
View articleThe 2013 inspection included reviews of portions of 50 audits performed by the Big Four firm and a review of its audit work. Read More...
View articleUS audit watchdog expects to conduct inspections of mainland Chinese audit firms by the end of the year Read More...
View articleFormer Deloitte & Touche chief risk officer suspended from auditing public companies for two years Read More...
View articleAudits conducted by affiliates of six largest firms persistently deficient, survey of 30 regulators finds Read More...
View articleBig Four Chinese affiliates appeal SEC ruling barring them from auditing US listed companies Read More...
View article