A member of the US accounting oversight board challenged the assessment from a pair of senators that audits are falling short of their promise to protect investors and accused the lawmakers of trying to “silence” her.
“The Senators’ alarmism is unwarranted,” Christina Ho, a member of the Public Company Accounting Oversight Board, said in a statement posted to her LinkedIn account Thursday. “The sky is not falling.”
Sens. Elizabeth Warren (D-Mass.) and Sheldon Whitehouse (D-R.I.) earlier this month called out the 46% deficiency rate from the PCAOB’s 2023 inspections cycle, calling the findings “profoundly troubling” and “exorbitantly high.”
- Despite those ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.