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Issuers Share Duty to Fix Controls, PCAOB Member Says

Tammy Whitehouse | March 27, 2014

A push for better internal control audits coupled with a new internal control framework has produced a “perfect storm,” says Jeanette Franzel, a member of the Public Company Accounting Oversight Board, suggesting it will take all hands on deck -- not just auditors' -- to address the issues.

Franzel told internal auditors gathered at an annual national conference that despite what they may be hearing from external auditors, the rules around internal control auditing have not changed in...

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