Treasury issues report on sustainability of audit profession

10/9/2008 | WebCPA

The Treasury Department's Advisory Committee on the Auditing Profession released a final report on improving the sustainability of the audit profession. The report was approved 14-1, with former Securities and Exchange Commission chief accountant Lynn Turner casting the dissenting vote. Turner opposed a recommendation that the audited financial statements of the larger firms be provided to the Public Company Accounting Oversight Board on a confidential basis. Read the report.

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