My take on the latest at the PCAOB and KPMG

FCPACR449_2612_Thumbnail_SquareWhy did a former PCAOB Board member testify on behalf of a KPMG defendant? What does this mean for PCAOB leadership? What will the recent moves by SEC Chairman Jay Clayton mean for the independence of the PCAOB?

In Episode 449 of the FCPA Compliance Report, I spoke with Tom Fox to discuss the current status of the KPMG defendants and what their conduct means for the audit profession going forward.

I also wrote on several related subjects back in August and September for MarketWatch, ahead of recent reports on the subject in the WSJ, POGO and NYT.

U.S. audit regulator fails to hold public meetings as required by bylaws


Regulator seeks to keep job at PCAOB, but SEC looks for new candidates


Former regulator met privately with KPMG while firm was under scrutiny