The PCAOB will vote on final rule based on its proposal on Tuesday Dec 15. If audit partner names were published in the audit report, or anywhere, the public, audit committees, investors and journalists could stop lousy auditors in their tracks. Melissa Koeppel of Grant Thornton is the best case yet for making audit partner names and their engagement history, disciplinary history, and litigation history public.
College students are being wined, dined, and picked over by the large firms. The recruiting season is in full bloom. One of the most frequent searches leading to my blog is some variation on what to wear to the post-interview fancy restaurant dinner. As you go through the experience, remember: They’ve already established what you […]
The New York Court of Appeals decided on October 21, 2010, by a vote of 4-3, to “decline to alter our precedent relating to in pari delicto, and imputation and the adverse interest exception, as we would have to do to bring about the expansion of third-party liability sought by plaintiffs here.”
The decision is flawed, misguided and strongly biased towards corporate interests rather than shareholder and investor interests.