Matt Waldron is a director of financial reporting policy at CFA Institute. He drafts position papers and comment letters, representing membership interests regarding financial reporting and disclosure proposals issued by the FASB, the IASB, and others. Waldron holds the Certified Public accountant (CPA) designation.
Investors, not the company, are the auditor’s client. Changing this paradigm, where auditors are beholden to management, is essential to fully resolving independence and objectivity challenges. Read more
A recent PCAOB proposal intends to enhance transparency and thus improve audit quality through the engagement partner’s increased sense of accountability — a move that has strong investor support. Read more