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Audio – Auditors raise “red herring” in securities liability
U.S. auditors should not be exempt from securities litigation because their best protection against lawsuits is simply “to do the work right,” says PCAOB board member Kayla Gillan. Gillan formerly was chief legal advisor fto the California Public Employees Retirement System before she joined the PCAOB when it was created in 2002 as part of the Sarbanes-Oxley corporate reform law. She spoke at the Reuters Regulation Summit.