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A comment on Global Audit Firms Are Lobbying to Dilute Sarbanes-Oxley Reforms. Parent comment

Re:Global Audit Firms Are Lobbying to Dilute Sarbanes-Oxley... by Shivetya on Friday May 12, 2017 @11:58AM (#14325102)
I would not want to know what my employer spends but I know it takes my team of five plus a director four to six days to get through it all.

the amount of seemingly useless documentation is what irks me . I am sure there is value there but the whole thing comes across as a pointless exercise in compliance with whatever whims they have this year added onto previous requirements

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Re:Global Audit Firms Are Lobbying to Dilute Sarbanes-Oxley... by lavezzi on Friday May 12, 2017 @12:24PM (#14325343)
A lot of the additional requirements year on year are driven by mandates from the PCAOB. If the audit firms do not comply then they are hit hard during the PCAOB reviews of their audit files.
[ Parent | on HN ]