Sox First

Will they recommend changes to Sarbanes-Oxley or not?

That's the million dollar question with Treasury Secretary Hank Paulson announcing the make-up of the Treasury Advisory Committee on the Auditing Profession.

Some pretty high powered names in there so it's worth watching this space.

So is Sarbanes-Oxley on the agenda? Undersecretary of Treasury for Domestic Finance Robert Steel has refused to say whether it is or not, which you can take to mean it probably is.

Still, Jack Ciesielski correctly points out in his AAO Weblog that there are a few other important issues too. Like for example fees, audit quality (look at how investors have recently been shaken by bad audits) and competing for talent in market struggling with skills shortages.

• Money for auditors
• Audit rules eased
• The Future of Audit: Risk and uncertainty ahead
• Audit reform: the half-loaf solution
• Cox says no to SOX exemptions. Audit fees up or down? Go figure!
• Internal audit risk gaps
• Audit deficiencies
• Audit squeeze