Sunday, May 28, 2006

PCAOB Can Pull Audit Firms Out Of Potentially Sticky Spots

The Public Company Accounting Oversight Board is proposing rules,which in a roundabout way, help the Big Four audit firms handle some potentially sticky situations. Under the Section 102(d) of 2002 Sarbanes-Oxley Act, a registered public accounting firm may be required to report more frequently on company events to the Board.....

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