“The lawyers found a quirky way to threaten PCAOB and SOx itself,” said Francine McKenna, managing editor at re: The Auditors.com and a former director at PricewaterhouseCoopers. “Whatever the decision, I don’t think it should be construed as a referendum on either. The plaintiff found an obscure, high-impact issue to take to court that came out of the PCAOB stating the firm wasn’t up to doing the audits in question.” The small Nevada accounting firm in question, Beckstead and Watts LLP, filed suit after undergoing a costly inspection in 2006…”
Alex Howard’s story discusses the impact of the Supreme Court case re: the PCOAB on IT Compliance. Article contains several quotes from me and the rest of the great story, including tons of resources to catch up on this issue .
Go here for this story in SearchCompliance.com.