#pcaob — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #pcaob, aggregated by home.social.
-
CW: Long thread/15
Crooked auditors were at the center of the #GreatFinancialCrisis, too:
https://francinemckenna.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/
And of course, crooked auditors were behind the #Enron fraud, a rare instance in which a fraud triggered a serious attempt to prevent future crimes, including the destruction of accounting giant #ArthurAndersen. After Enron, Congress passed #SarbanesOxley (#SOX), which created a new oversight board called the #PublicCompanyAccountingOversightBoard (#PCAOB).
15/
-
CW: Long thread/15
Crooked auditors were at the center of the #GreatFinancialCrisis, too:
https://francinemckenna.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/
And of course, crooked auditors were behind the #Enron fraud, a rare instance in which a fraud triggered a serious attempt to prevent future crimes, including the destruction of accounting giant #ArthurAndersen. After Enron, Congress passed #SarbanesOxley (#SOX), which created a new oversight board called the #PublicCompanyAccountingOversightBoard (#PCAOB).
15/
-
CW: Long thread/15
Crooked auditors were at the center of the #GreatFinancialCrisis, too:
https://francinemckenna.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/
And of course, crooked auditors were behind the #Enron fraud, a rare instance in which a fraud triggered a serious attempt to prevent future crimes, including the destruction of accounting giant #ArthurAndersen. After Enron, Congress passed #SarbanesOxley (#SOX), which created a new oversight board called the #PublicCompanyAccountingOversightBoard (#PCAOB).
15/
-
CW: Long thread/15
Crooked auditors were at the center of the #GreatFinancialCrisis, too:
https://francinemckenna.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/
And of course, crooked auditors were behind the #Enron fraud, a rare instance in which a fraud triggered a serious attempt to prevent future crimes, including the destruction of accounting giant #ArthurAndersen. After Enron, Congress passed #SarbanesOxley (#SOX), which created a new oversight board called the #PublicCompanyAccountingOversightBoard (#PCAOB).
15/
-
CW: Long thread/15
Crooked auditors were at the center of the #GreatFinancialCrisis, too:
https://francinemckenna.com/2009/12/07/they-werent-there-auditors-and-the-financial-crisis/
And of course, crooked auditors were behind the #Enron fraud, a rare instance in which a fraud triggered a serious attempt to prevent future crimes, including the destruction of accounting giant #ArthurAndersen. After Enron, Congress passed #SarbanesOxley (#SOX), which created a new oversight board called the #PublicCompanyAccountingOversightBoard (#PCAOB).
15/
-
“Proof of reserve reports are inherently limited, and customers should exercise extreme caution when relying on them to conclude that there are sufficient assets to meet customer liabilities.” https://pcaobus.org/resources/information-for-investors/investor-advisories/investor-advisory-exercise-caution-with-third-party-verification-proof-of-reserve-reports
#cryptoassets #regulation #proofofreserves #PCAOB -
“Proof of reserve reports are inherently limited, and customers should exercise extreme caution when relying on them to conclude that there are sufficient assets to meet customer liabilities.” https://pcaobus.org/resources/information-for-investors/investor-advisories/investor-advisory-exercise-caution-with-third-party-verification-proof-of-reserve-reports
#cryptoassets #regulation #proofofreserves #PCAOB -
“Proof of reserve reports are inherently limited, and customers should exercise extreme caution when relying on them to conclude that there are sufficient assets to meet customer liabilities.” https://pcaobus.org/resources/information-for-investors/investor-advisories/investor-advisory-exercise-caution-with-third-party-verification-proof-of-reserve-reports
#cryptoassets #regulation #proofofreserves #PCAOB -
Pressure relief valve pushed - reducing risk of Chinese companies being de-listed from US exchanges https://www.bloomberg.com/news/articles/2022-12-15/chinese-stock-delisting-risk-falls-after-us-watchdog-got-access #PCAOB #stocks #stockmarket #jdcom #alibaba #tencent #audit #delisting #chinesestocks
-
Pressure relief valve pushed - reducing risk of Chinese companies being de-listed from US exchanges https://www.bloomberg.com/news/articles/2022-12-15/chinese-stock-delisting-risk-falls-after-us-watchdog-got-access #PCAOB #stocks #stockmarket #jdcom #alibaba #tencent #audit #delisting #chinesestocks