What? It's *not* at the top of your wishlist?
Have we mentioned how much we enjoy the PCAOB releasing inspection reports and/or making big announcements the week leading up to a major holiday? No? Oh yes, it's right up there with root canals and saddle sores.
News opiners can use
It's Pete and Repeat day here at GC.
This is not good. Not that it matters or anything.
This got by us for some reason, but Compliance Week noted Crowe Horwath's atrocious error rate in its 2011 PCAOB inspection reports was by far the worst among the eight largest audit firms.
Michael Rapoport at the Wall Street Journal has a great article today that gives us a good idea of what kind of information would be contained in a useful auditor's report since we all know that, in its current form, it's more or less useless.
Or maybe it just meets expectations.
All things considered, this is significant progress.