The Public Company Accounting Oversight Board is angling to improve quality control over corporate audits by encouraging accountants to blow the whistle on financial reporting violations by their audit clients and by their own firms.
During a Nov. 18 meeting with the board's Standing Advisory Group, PCAOB staffers asked for suggestions on how to best develop "mechanisms that encourage 'whistle blowing'" by members of an audit team who spot financial reporting violations or other types of wrongdoing during an audit.
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