From the FT this morning:
The head of the US audit regulator has made a fresh call for senior auditors to be stripped of their anonymity as details continued to emerge from the KPMG insider trading scandal.
James Doty, chairman of the Public Company Accounting Oversight Board, said investors were in favour of ending the secrecy that currently shrouds the identity of the auditor in charge of vetting the accounts of public companies in the US.
I also note the piece was headed:
US regulator urges end to auditor anonymity
I can't help but think he's missed the pint. Wouldn't it have been better to say:
US regulator urges end to shoddy auditing
Or:
US regulator urges end to audit monopoly
Or even:
US regulator says it's time for tax authorities to audit companies
As it is the suggestion made looks like a spectacular exercise in missing the point.
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….. or pint, as you say!
I agree.
Don’t think Gov’t auditors would improve things though.