Auditor Reporting: What More Can Be Done?

December 7th, 2011

Investors have more information than ever before about the accounting firms that audit public companies, but some say it is still not enough. In the aftermath of the financial crisis, investors are requesting more information about the firms and their audit work, so as to better assess the quality of the audits and related risks. These requests are getting the attention of both regulators and accounting firms. The Public Company Accounting Oversight Board has issued a Concept Release about changes to the auditor’s reporting model, and at least one major accounting firm has issued a public report about how it maintains and enhances the quality of its audits. To learn more, read our Special Report for a discussion of the information gap, the extent to which voluntary reporting can help close the gap, and what is needed to step up to the broader issues.

Entry Filed under: Governance

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