Auditors ‘Monkeying Around with Documents,’ Top PCAOB Cop Says

Claudius Modesti, the director of the Public Company Accounting Oversight Board’s Division of Enforcement and Investigations, revealed yesterday that the PCAOB is running into resistance — and even evidence of tampering — by the accounting firms it regulates. “We’re facing a non-cooperation situation across audit firms of various sizes,” he said during a Practicing Law Institute event.

When the PCAOB’s inspectors tell a firm they are coming to look over its work, “people will start monkeying around with documents,” Modesti says….

via Auditors ‘Monkeying Around with Documents,’ Top PCAOB Cop Says — CFO.com