This one's for anyone who thinks the PCAOB doesn't actually do anything but annoy auditors
The overlords at the SEC have spoken and sweet Jesus in a manger, they like letters behind a name.
Back in October, the PCAOB officially proposed that audit partners be required to slap their name on the audit report of clients that register with the SEC.
PCAOB Chairman James Doty shot the breeze with the SEC for awhile today, speaking about, among other things, how the Board would handle this boatload of Chinese filers who don't seem to know their asses from their elbows when it comes to accounting...
An Ernst & Young report even used charts to show us!
The last but certainly not least of the Big 4 firms to get their grade for 2010.
Nowhere to go but up!
ATTN: Current economic conditions warrant a tad more due care than usual.