Analysis and Commentary, Prosecutions

Low Hanging Fruit

0 Comments 13 September 2007

The PCAOB picked apples off the ground instead of reaching into the tree this week with the announcement that they have charged 37 unregistered audit firms and 32 partners with violating the Sarbanes-Oxley Act. The auditors in question had apparently signed off on company financials without first registering with the PCAOB. Details, including a list of the offending firms, can be found here on teh SEC website.

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