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PCAOB Investor Advisory Group Assesses Building Fraud Center, Audit Transparency
by BNA Daily Report for Executives (Subscription required for full article)
May 6, 2010
BNA’s Tina Chi reports that many members of the Public Company Accounting Oversight Board’s (PCAOB) Investor Advisory Group (IAG) believe the PCAOB needs to support the enhancement of audit transparency and quality in addition to developing a robust and comprehensive “fraud center.."
The PCAOB last September announced the appointment of 18 members – who represent a wide range of investor perspectives – to its newly formed investor advisory group.
The IAG is chaired by board member Steven Harris, and was created to “promote a better understanding of the priorities of investors who use audited financial information.” According to BNA, Harris said members of the IAG must “keep in mind, and seek to answer the question: ‘How do we make audits more relevant to investors?”
