If I can publicly discuss my past deceitful sinful criminal actions in the starkest of terms surely you great people who are much better than me can voluntarily disclose such information about the effectiveness of your audits?
Other respectable people have called for the more transparency from the PCAOB and have apparently been ignored.
Do you have can we say more transparency than a convicted felon? It takes courage or maybe just some balls, too.
Sam E. Antar (former Crazy Eddie CFO & convicted felon)
Special Compliments to the following Blogs covering this issue:
The CFO Blog by Alix Nyberg Stuart: How the PCAOB Shields the Big Four
The CFO Blog by Tim Reason: EY, KPMG, and the Meaning of Failure
The D & O Diary by Kevin LaCroix: The PCAOB's Audit Inspection Reports
Notions on High and Low Finance by Floyd Norris: Accounting Games
Note: I am sure countless others have covered this topic too.