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Audio – Big 4 disciplinary action “will happen at some point”
The accounting industry watchdog, the U.S. Public Company Accounting Oversight Board, will take disciplinary action against one of the Big Four accounting firms “at some point,” PCAOB member Kayla Gillan says. Since its creation under 2002′s post-Enron Sarbanes-Oxley law, the PCAOB has yet to bring a disciplinary action against industry heavyweights PricewaterhouseCoopers, Deloitte & Touche Ernst & Young, or KPMG. Gillan spoke at the Reuters Regulation Summit in Washington.