Audio – PCAOB promises to pick up the pace with faster annual reports

January 9, 2007

gillan1.jpg

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

An “embarrassed” Public Company Accounting Oversight Board plans to issue its annual audit firm reports for 2006 by the middle of 2007, much faster than its track record in the past couple of years, PCAOB Board Member Kayla Gillan says.  The board, which was created by the 2002 Sarbanes-Oxley law to be a watchdog of the accounting industry, has been criticized by investor groups for its slowness in issuing the annual inspections of audit firms. Gillan spoke at the Reuters Regulation Summit in Washington.

 

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/