Department

Accountancy

Document Type

Article

Publication Date

2-2009

Abstract

The article presents information on the rule of the Public Company Accounting Oversight Board (PCAOB) which mandates the inspection of smaller auditing firms in the U.S. The small firm inspections started in 2004, and the first round of inspections revealed a large number of audit deficiencies and quality control defects. It explores the purpose of the second inspections of small auditing and accounting firms. It discusses the possible structural changes in firms inspected twice.

Journal

The CPA Journal

Journal ISSN

0732-8435

Volume

79

Issue

2

First Page

58

Included in

Accounting Commons

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