A financial services fight currently taking shape within the Securities and Exchange Commission is reflective of a common theme over the last 15 years. The battle over the future of the Public Company Accounting Oversight Board, or PCAOB, and the agency’s embattled chair, James Doty, at times is a battle between institutional investors seeking better disclosure in audits and the big four auditors who seek relaxed auditing standards. Major investors advocate for strong disclosure rules The issue of what was once considered questionable if not fraudulent behavior being adopted as permissible has been one front in a fight over “who…
Fight For Investor Protections Turns To Doty And PCAOB
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.