Jun
11
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?
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