Public Company Accounting Oversight Board Chairman James Doty plans to unveil a new model for the auditor's report and said he wanted to see disciplinary proceedings for auditing firms to be made public.
Doty took over the chairmanship of the government regulatory board that inspects and disciplines auditing firms earlier this year. During a speech Thursday at a Baruch College financial reporting conference, Doty also discussed problems he has seen with audits of multinational companies, particularly in China, and in the way that audit firms communicate with audit committees on public company boards.
Doty took over the chairmanship of the government regulatory board that inspects and disciplines auditing firms earlier this year. During a speech Thursday at a Baruch College financial reporting conference, Doty also discussed problems he has seen with audits of multinational companies, particularly in China, and in the way that audit firms communicate with audit committees on public company boards.
