Should Big 4 Audit Firms Release Their Financial Statements?

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final4A few months ago,  a committee advising Treasury Secretary Henry Paulson on the “state of auditing” recommended that Big 4 audit firms be required to submit audited financial statements to the Public Company Company Accounting Oversight Board (PCAOB). It’s suggested that the firms be required to report their financials in accordance with Generally Accepted Accounting Principles (GAAP), and that those results be made public. Continue reading