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The Public Company Accounting Oversight Board (PCAOB) approved the registration of McGladrey & Pullen, LLP. Under the Sarbanes-Oxley Act of 2002 all public accounting firms must register with the PCAOB by Oct. 22, 2003 in order to issue or prepare audit reports on U.S. public companies. McGladrey & Pullen is the largest CPA firm to receive approval as of Sept. 24. "McGladrey & Pullen has always been committed to protecting the interests of investors and the public through our work in preparing informative, fair and independent audit reports," says Joseph (Leroy) Dennis, executive partner of McGladrey & Pullen. "The actions of our people, including providing our clients with high quality service, integrity and professionalism, will make a difference," adds Dennis. Under the new law, McGladrey & Pullen also will submit to an annual inspection of the firm by the PCAOB. The Sarbanes-Oxley Act established the PCOAB to oversee the conduct of public companies to ensure the accuracy and independence of financial reporting in order to protect the interests of investors.
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