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PCAOB concerned about audit fee decline
Accounting Today, 2014-06, Vol.28 (6), p.29-29
COPYRIGHT 2014 SourceMedia, Inc. ;COPYRIGHT 2014 SourceMedia, Inc. ;Copyright SourceMedia Jun 2014 ;ISSN: 1044-5714
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Title:
PCAOB concerned about audit fee decline
Author:
Cohn, Michael
Subjects:
Accounting firms
;
Accounting services
;
Audit committees
;
Audit fees
;
Audit quality
;
Auditors
;
Audits
;
Fees
;
Financial disclosure
;
Price cuts
;
Professional fees
;
Quality of service
Is Part Of:
Accounting Today, 2014-06, Vol.28 (6), p.29-29
Description:
Public Company Accounting Oversight Board chairman James Doty said in a speech in early May that he is concerned about cuts in audit fees having an impact on the quality of audits as the auditing practice becomes a declining part of the revenue at accounting firms. Doty pointed out at Baruch College's 13th Annual Financial Reporting Conference that the Sarbanes-Oxley Act puts the audit committee in charge of retaining the company's auditor, and yet the audit committee has limited information on which to judge audit quality.
Publisher:
New York: SourceMedia, Inc
Language:
English
Identifier:
ISSN: 1044-5714
Source:
ProQuest Central
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