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The spot light moves further in on auditors as the oversight of auditors is harmonized between the SEC and PCAOB. As the PCAOB proposes expanding liability for individual auditors and certain accounting firms, when they contribute to violations by the primary firms handling an audit. Holding contributors liable for firm violations if they act recklessly.
With the increasing shortage of auditors, especially within technology and cyber, finding qualified auditors willing to undergo the stress of oversight of corporate compliance to cyber regulations is going to be a challenge.
Ted Dziekanowski
#cybersecurity #cyberriskmanagement #audit
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