The Public Company Accounting Oversight Board sure gets around, but not as much as it would like to.
The board released an
The PCAOB also published a
Some countries continue to resist the encroachment of PCAOB inspectors. The PCAOB noted that of the 27 jurisdictions where non-U.S. inspections were scheduled in 2009, inspections were conducted in only 15. Access to information necessary to conduct inspections was, and continues to be, denied in China, Finland, France, Germany, Greece, Ireland, the Netherlands, Norway, Portugal, Sweden, Switzerland and the United Kingdom, said the board. The PCAOB, therefore, pulled forward the inspections of 28 other non-U.S. firms, in 12 jurisdictions, that were not originally planned for 2009.
Whats one countrys loss is apparently another countrys gain, so to speak, though the firms being inspected probably won't be thrilled when they receive the reports taking them to task for their "deficiencies."