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    A Former PCAOB Board Member Looks to the Past...and to the...
    research summary posted July 21, 2015 by Jennifer M Mueller-Phillips, tagged 01.0 Standard Setting, 01.06 Impact of PCAOB 
    A Former PCAOB Board Member Looks to the Past...and to the Future.
    Practical Implications:

    Bill Gradison believes that an appropriate and effective way to protect the investor would be to share its wealth of data with protections of confidentiality with outside group, especially of those in academia, to foster research that might shed light on the importance of investor protection and how best to protect investors in the future.


    Gradison, B. 2014. A Former PCAOB Board Member Looks to the Past...and to the Future. Accounting Horizons 28 (4): 931-935.

    auditing standards, Public Company Accounting Oversight Board
    Purpose of the Study:

    The Public Company Accounting Oversight Board (PCAOB) is still a relatively new entity, compared with most government agencies. The author of this paper, Bill Gradison, was a Founding Member of the PCAOB with many insights on the workings and challenges of the Board. The world has changed since 2002 when Sarbanes-Oxley became law with almost unanimous Congressional support. It would be most unlikely to be passed into law today. Thus, the Board not only has the challenge and the responsibility to carry out its Congressional mandate but also to champion the cause of investor.

    Design/Method/ Approach:

    Bill Gradison, a Founding Member of the Board, shares his perspectives on the work of the PCAOB during its early years.


    The five major challenges facing the Board as of January 2011.

    1. Current inability to conduct inspections in the EU, Switzerland, and China;
    2. Major changes in accounting standards;
    3. New authority to inspect and if necessary discipline auditors of broker-dealers;
    4. Ongoing recruiting challenges; and
    5. Fee pressures being experienced by public company auditors.
    Standard Setting
    Impact of PCAOB