POTENTIAL CHANGES Public Company Accounting Oversight Board Chairman James Doty announced that he plans to start a dialogue on a new model for the auditor's report that would provide more useful, relevant and timely information. The PCAOB plans to issue a concept release this summer. He also said he wanted to see disciplinary proceedings for audit firms made public, and suggested that even though Sarbanes-Oxley has moved the hiring and firing of auditors from company management to the audit committee, it may not be enough to prevent conflicts of interest.
展开▼
