Broker-Dealer Audits Still Badly Broken
The PCAOB’s second “progress” report on broker-dealer audits found deficiencies in all of the audit firms inspected and in 57 of the 60 audits inspected. That’s not much progress.
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Four Years After Madoff, Audits and Auditors of Broker-Dealers Still Lousy
/8 Comments/in Audit Firm Management, Audit Quality, Latest, The Case Against The AuditorsHow much lower does investor confidence have to go? How many more billions do customers have to lose before someone steps up?