TV News LIES

Monday, Sep 24th

Last update05:20:13 AM GMT

You are here News Economy Accounting industry and SEC defang America’s audit watchdog

Accounting industry and SEC defang America’s audit watchdog

E-mail Print PDF

auditing industryJames Schnurr, just two months into his job as chief accountant at the U.S. Securities and Exchange Commission, stood before a packed ballroom in Washington last December and upbraided a little-known regulator.

The Public Company Accounting Oversight Board, or PCAOB, oversees the big firms that sign off on the books of America’s listed companies. And the board was “moving too slowly,” Schnurr said, to address auditing failures that in recent years had shaken public confidence in those firms.

These were fighting words in the decorous auditing profession, and they hit their target. PCAOB Chairman James Doty was among those attending the annual accounting-industry gala where Schnurr spoke. And Schnurr was Doty’s new supervisor.

“This is going to get ugly,” Doty said to a colleague afterward.

More...


Most Recent Related Stories...


China Tariff Retaliation Will Hit $60 Billion of U.S. Goods

Trade war with China China announced it will take retaliatory tariff action against $60 billion of U.S. goods, sharply escalating...

U.S. businesses roll out campaign to end tariff wars

US businesses roll out campaign against teriff warU.S. businesses have united in a campaign to be unveiled on Wednesday against President Donald Trump's...

Trump to announce $200B in tariffs on Chinese goods as early as Monday: report

Trump to announce tariffs on China as eartly as MondayPresident Trump will announce $200 billion in tariffs on Chinese goods early next week, despite his administration's...

Federal deficit soars 32 percent to $895B

ocbThe federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!