Filed in archive Accounting by leon on June 11, 2008

The Public Company Accounting Oversight Board has brought in new rules that will require public accounting firms to file annual reports. They will also be required to come clean on things like disciplinary action information about people who have joined the firm. They will also have to provide information about fees billed to issuer audit clients, in various categories of services, as a percentage of the firm's total fees billed.

The aim apparently is to increase transparency.

But CFO.com raises one obvious problem in its great headline: But Who'll Audit the Auditors' Reports?

Related Entries:

China's accounting push for 10 of its own firms - 06 October 2006
How to fix up accounting and financial reports - 28 June 2007
SEC charges accounting firms - 15 September 2007
PCAOB slates audits of small firms - 26 October 2007

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Permalink: Bringing accounting firms to account

Tags: PCAOB accounting firms reports 2007 accounting+firms bringing+accounting firms+account

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