In addition, we recommend that the PCAOB make this in-depth analysis of audit failures an on-going function of the Board, in order to ensure that changes in policy and oversight practices are adopted in a timely fashion to address correctable weaknesses in the audit process.
It is in the process of shutting down its inkjet printer operations in order to concentrate on the faster growing laser printer and multi-function device markets.
But both parties have an interest in supporting the basic function of the CBO, in order to buttress their own credibility, and to get some empirically-generated sense of what the future might look like.