More Audit Transparency For Investors Makes A Bitter Proposal Easier To Swallow

More Audit Transparency For Investors Makes A Bitter Proposal Easier To Swallow by Jeffrey L Johanns, The Conversation

When it comes to auditing financial information, under current professional rules, only the name of the auditing firm appears at the bottom of audit reports.

That is about to change.

The Public Company Accounting Oversight Board (PCAOB) has recently issued its latest attempt to require disclosure of the name of the person who oversaw an audit of a comany’s books, making it binding federal law. All US publicly traded companies are required to have an accounting firm audit their financial statements.

Is this a good thing? Maybe, maybe not. Disclosure of the name of the partner in charge of a public company...