Soap Bubbles

re: The Auditors has already opined on this recommendation. It’s just a lot of blowing bubbles…

US panelists urge outside directors for audit firms

WASHINGTON, May 5 (Reuters) – U.S. Treasury panelists recommended on Monday adding independent directors at auditing firms to improve their governance and transparency as well as to help protect investors. Currently, the largest accounting firms — Deloitte & Touche, Ernst & Young, KPMG and PricewaterhouseCoopers — do not have independent directors and are at times criticized for lacking transparency.

1 reply
  1. Independent Accountant
    Independent Accountant says:

    My phrase is, “This is all smoke and mirrors”. My answer: repeal the 1995 Litigation Reform Act and “sue away”. The plantiffs’ bar will clean up the Big Four.

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