Investment Company Notebook

Practical insight and analysis on the accounting, audit and tax issues impacting investment companies.

Investment Management Group Partner Mike Boyle Comments on New Guidance from the PCAOB for Audit Committees in "Ignites"

Mike Boyle, a partner in BBD's Investment Management Group, provided commentary in an article in "Ignites" written by Beagan Wilcox Volz on the PCAOB's recent guidance for audit committees regarding the inspection of audit firms. In "PCAOB Helps Funds Challenge Stonewalling Auditors," Boyle addresses BBD's philosophy regarding discussion of the results of PCAOB inspections with clients.

"...we have always discussed the PCAOB findings with our mutual fund clients' audit committees. We certainly believe audit committees have not only the right but the obligation to ask about inspection results. With this mindset, we as a common practice attempt to bring the subject matter front and center before the question is asked"

The full article is available to "Ignites" subscribers on the publication's Web site.