Just in Time for the Holidays: A PCAOB Auditor ID Proposal

Auditors are traditionally quiet participants in a company’s final annual report, signing their firm’s name on a form letter with a simple pass or fail grade. But a push to gain more insight into their process is growing globally, meeting demands for more disclosure from both regulators and investors. The Public Company Accounting Oversight Board, the U.S. government’s audit watchdog, said it will issue a proposal on auditor identification by December. “The chairman has made it a priority,” PCAOB spokeswoman Colleen Brennan said. [CFOJ]

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