In a recent survey of public companies assessing views on Sarbanes-Oxley a decade after its adoption, Protiviti also asked companies what they think of the PCAOB's recent suggestions that mandatory rotation might improve auditing. Nearly half of all survey respondents agreed that rotation would have a positive impact. Among large accelerated filers, Protiviti said 47 percent of companies were in favor of rotation, and 60 percent of nonaccelerated filers agreed with the idea as well. Even Protiviti was taken back by the numbers. “These results are somewhat surprising as it can be expensive and time consuming to change external auditors, and such an action would represent a very substantial change in the external auditor arrangements for companies,” the firm noted in its report. “Further, the limited number of global network accounting firms significantly restricts rotation options." [CW, Earlier]
Get Between the Spreadsheets with us.
No time for another typical newsletter? It's not exactly news, and it's definitely not typical. Just check out our archive.
Help us out. Take a survey.
18 Dec 2014 | In this presentation Excel expert David Ringstrom, CPA focuses exclusively on how to perform repetitive tasks more efficiently in Excel.
Accounting News Roundup: KPMG's Revenues; Gilmore Girls Guy Sues CohnReznick; What If You're Smarter Than Your Boss? | 12.12.140 3,139
Accountants Behaving Badly Accounting jobs AICPA Auditors BDO Big 4 Brits Busy season Career advice CFOs China Compensation CPA Exam CPAs Deloitte Ernst & Young EY FASB Footnotes Fraud Grant Thornton IASB IFRS Interns IRS Job of the Day KPMG Lawsuits Layoffs Lehman Brothers McGladrey NASBA Need a job? Partners PCAOB Politics Promotions Public Accounting PwC Quote of the Day Raises or Lack Thereof Rumors SEC Small Business Studying for the CPA exam Tax cuts Taxes Tax policy Technology Twitter