Exclusive outtakes from industry leaders
Audio – PCAOB promises to pick up the pace with faster annual reports
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.