The US audit board’s chair heralded her record holding auditors accountable even as she’s at risk of losing her job soon amid an expected shakeup of the Enron-era regulator.
Erica Williams, chair of the Public Company Accounting Oversight Board, touted a near record number of rule-writing projects, expanded inspection reports, and more costly penalties for violations. She also reprised her concerns that an inspection violation rate of 46% is unacceptable and urged auditors to not be “complacent” as they launch into year-end financial reporting season.
“The PCAOB is the only organization doing what we do. And Congress gave us an ...
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