In the latest turf battle to come to light between the two groups, the American Institute of CPAs and the National Association of State Boards of Accountancy skirmished over NASBA's interest in the details of public company audit inspection reports.In a recent alert sent out from the AICPA Center for Public Company Audit Firms, director Lillian Ceynowa wrote that member firms were not required to comply with inquiries from some state boards requesting the identities of individuals and companies referred to in Public Company Accounting Oversight Board inspection reports.
Ceynowa noted that firms could comply with the information request, but she suggested that they might instead consider directing state boards back to the PCAOB. She wrote: "[Obtaining] inspection information outside of this process deprives the PCAOB of its statutory role in referring matters on a discretionary basis and circumvents the processes and controls that would otherwise apply if the state board sought the information directly from the PCAOB."
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