Nine years after its creation through Sarbanes-Oxley Act, the Public Company Accounting Oversight Board (PCAOB) has ramped up its inspection and enforcement programs. Operating with nearly unlimited resources and minimal oversight by the SEC, the PCAOB enforces complex accounting and auditing standards that small to mid-sized firms often cannot satisfy. The failure of firms to respond to deficiencies identified during an inspection in an appropriate manner can result in burdensome and costly investigations and litigation by the Enforcement staff.
With the aid of experienced defense counsel and robust insurance coverage, firms can survive the “nuclear option” presented by such disputes. Please join Michael MacPhail of Holme Roberts & Owen, LLP and Brent Baker of Parsons, Behle & Latimer as they address these issues and your questions in a free webcast.
To attend this webcast scheduled for Tuesday, April 20, at 2 pm Eastern, please sign up below.
[…] week, I sat in on a webinar about the PCAOB’s inspection and enforcement programs. You can watch an archive of the webinar here.And I have to tell you, it scared me a little. Not because auditors were being inspected, or that […]