Why the PCAOB's audit "failure" rate is misleading

02/27/2014 | CFO.com

Recent comments by the Public Company Accounting Oversight Board's chief auditor about audit failures are misleading and needlessly alarming investors, write Mark E. Peecher, an accounting professor at the University of Illinois at Urbana-Champaign, and Ira Solomon, dean of the A. B. Freeman School of Business at Tulane University.

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