John White, a prominent lawyer with Cravath, Swaine & Moore, sits on the PCAOB's Standing Advisory Group. His wife, Mary Jo, chairs the SEC. She, along with the other commissioners, will choose the next PCAOB chair. Some people don't like how that looks:
In an Investor Advisory Group meeting held earlier this week, PCAOB Chairman James Doty said he hoped the third version of the Board's partner naming proposal would be finalized "by the end of the year."
Yesterday was the deadline for commenting on the PCAOB's concept proposal for disclosing the name of audit partners and "other participants in the audit."
Don't look. Okay, never mind, you should look.
The PCAOB, bless their hearts, released a forgettable inspection report from PwC today.
Maybe you've noticed, maybe you haven't, but PCAOB inspection reports have loads more information in them than they used to.
In a speech given yesterday, PCAOB Chairman James Doty said that the Board will seek comment on a third proposal for naming the lead audit partner.
At the Wall Street Journal's CFO Network event yesterday, a nameless CFO asked SEC Division of Corporate Finance, Keith Higgins, “What gives with the PCAOB? Do they really mean to be slow and not transparent?”
Flash: Not gonna happen.
As we've discussed, it's time for you to look for a new job; yes, even if you're not interested in leaving your current gig.