My take on the latest at the PCAOB and KPMG – Francine McKenna

Why 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

Sep. 19, 2019 at 11:16 a.m. ET by Francine McKenna

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

Sep. 11, 2019 at 7:59 a.m. ET by Francine McKenna

Former regulator met privately with KPMG while firm was under scrutiny

Aug. 13, 2019 at 5:40 p.m. ET by Francine McKenna

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

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