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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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