Monday, February 20, 2006
Sharp end of Sarbanes-Oxley shows it means business as agent for change
Log on to the careers website of the US audit regulator and it seems you are not dealing with a shrinking violet - an impression UK accountants will soon be able to test.
"The Public Company Accounting Oversight Board is aggressively seeking accountants . . . to perform on-site inspections of registered accounting firms," it says. "Professionals who join [us] will . . . become focal points of systemic, defining change in the public accounting profession."
And some are crossing the Atlantic to do just that.
The board is putting auditors under the microscope to raise audit quality and bolster investor confidence.
Its mandate extends beyond the US, encompassing any auditor that works for companies traded on the US stock market, including several UK accountancy firms. Those firms held the latest in a series of closed-door meetings in London last Friday to discuss how they dealt with the process.
posted by Brian Moran @ 8:55 AM