Auditing the PCAOB: A Test to the Accountability of the Uniquely Structured Regulator of Accountants

PCAOB Chair: 'Significant Deficiencies' in China Audits

SOLVED: Text: Refer to the Why It Matters feature "KPMG Fires Five Audit Partners and the Head of Its Audit Practice." Recall that this incident initially involved a former and a current PCAOB employee, with the latter supplying information about upcoming PCAOB inspections of various KPMG audit client engagements. The incident could have stopped there if the KPMG employee either did not act upon the information or she notified a superior, who then did the right thing and notified the PCAOB of th