Michael Rapoport reports in the Wall Street Journal on the waning James Doty era at the PCAOB and that he will probably exit with unfinished business:
In case you missed the news earlier this month, all of the PCAOB reports are out for the Big 4's 2015 cycle of inspections. What schadenfreude awaits us? Let’s take a look.
Have we missed anyone?
A large part of any accountant's job is to write boring answers to boring questions.
The election of Donald Trump is likely to transform the Public Company Accounting Oversight Board (PCAOB). While the PCAOB is technically a non-partisan private regulator, it will not likely escape Trump’s commitment to drain the swamp.
I'm not sure if there's a pattern or not, but it sure seems like the Big 4 take turns being the poster child of sloppy auditing.
One of the keys to being a successful partner in a large accounting firm is client management. If you’re a tax or advisory partner, this is pretty simple: you wine, you dine, you do the work with a smile on your face. The client is happy.
Probably a good call.
Here's a doozy.