This past year has certainly seen s...

This past year has certainly seen significant changes for the accounting profession. Among the changes is a unimpaired overhaul of the oversight of the accounting profession, as specified in the Sarbanes-Oxley Act of 2002

One of the most numerous controversial aspects of Sarbanes-Oxley was the creation of a of the present day Public Company Accounting Oversight Board (PCAOB), a five-member board comprised of no more than pair members coming from the to a high degree profession the board charged with overseeing. For the first time in the history of the profession, accountants are to be controled by individuals with no experience in accounting. if it be not that first, the ...