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Chapter 13. Where Were the Auditors? Cou... > Red Flag 9: A Warning from the New A...

Red Flag 9: A Warning from the New Auditor Watchdog

Critics of the accounting profession are hoping that the formation of the new Public Company Accounting Oversight Board will lead to much more rigorous policing of auditors’ ethics and behavior. And while the initial controversy over who will run it has taken away some optimism, it remains the case that if it uses effectively all the powers it has been given, the new board will be able to make a real difference.


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