Financial Executive, December 1st, 2004
Kicking off the second day of the conference was William J. McDonough, chairman of the Public Company Accounting Oversight Board (PCAOB). The board, created by The Sarbanes-Oxley Act and charged with overseeing the accounting industry, has been growing rapidly, McDonough noted, from a dozen people two years ago to 240 now; he said he expects it to be at 300 early next year and 450 by the end of 2005.
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"We are in business to hold auditors accountable for their work," McDonough noted, adding that "We will use cutting-edge technology to let us proactively identify and ad...
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