More Pushback on PCAOB Auditor Rotation Issue

April 25, 2012

According to the Virginia Society of CPAs, several public businesses have banded together and submitted a group letter to the PCAOB in opposition to their stance on the auditor rotation issue. Viacom, Safeway, United Healthcare, FedEx, and even the SEC themselves were among those signing the letter.

The letter points to that there has been no compelling proof presented by the PCAOB of a benefit of mandatory auditor rotation.

For more on the debate, see previous posts The House Gives PCAOB a Smackdown and AICPA Opposed to Mandatory Audit Firm Rotation.

Source: VSCPA

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