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….
‘Enforcement 40’ for 2020
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