article 6 - audits might not be help to the same audit...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Who Really Does Your Audit? The Public Company Accounting Oversight Board proposed a rule that would require accounting firms to list some of the accountants and outside parties that contribute to their public audit opinions. Third parties that do at least 3% of the audit work would be included. The additional information would also include the location of those third parties. This might show that a bulk of the audits are being done overseas, which could also bring about that fact that the
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: audits might not be help to the same audit level scrutiny as the PCAOB would hold audits to. PCAOB will be collecting comments on the new rule through January 9, 2012 and any final rule would also require the approval of the Securities and Exchange Commission.
View Full Document

  • Spring '11
  • johnson
  • Accounting, U.S. Securities and Exchange Commission, Public Company Accounting Oversight Board, accounting oversight board, Company Accounting Oversight, audit level scrutiny

{[ snackBarMessage ]}

Ask a homework question - tutors are online