#pcaob — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #pcaob, aggregated by home.social.
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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/
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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