The Public Company Accounting Oversight Board (PCAOB) finalized two proposals that would bring much-needed transparency to the audit industry to the benefit of investors and the broader public, for example, by requiring disclosure of partner and manager involvement, workload, and other details of individual audit engagements and firm-wide metrics.
Note: On the afternoon this letter was sent the Federal Reserve announced it would be providing additional transparency in 13(3) facilities. See our comment linked here for earlier AFR Edcucation Fund communications with the Federal Reserve on this issue. Download a pdf of the letter
The message, for too long, has been that policymakers must choose between policies that protect shareholders’ interest and those that protect workers’ interests. Investors know that economic stability is good for investment outcomes. Over the long-term, economic stability requires broad-based economic growth and shared prosperity.
September 3, 2010 Hon. Gary Gensler, Chairman Hon. Sheila Bair, Chairman Hon. Ben Bernanke, Chairman Hon. John Walsh, Acting Comptroller Hon. Mary Schapiro, Chairman Hon. Timothy Geithner, Secretary Re: Transparency in the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act Dear Sir/Madam:
April 26, 2010 Dear Senators Sanders, Feingold, DeMint and Vitter: As members of Americans for Financial Reform, a coalition of over 250 consumer, employee, investor, community and civil rights groups, we write you today to convey our strong support for your Federal Reserve transparency amendment