Welcome to AccelPro Audit, where we provide expert interviews and coaching to accelerate your professional development. Today we’re featuring a conversation with Dennis McGowan, Vice President, Professional Practice at the Center for Audit Quality.
On this podcast previously we’ve had a pair of guests — former PCAOB board member Jay Brown and academic Luigi Zingales — come out strongly in favor of the Public Company Accounting Oversight Board’s proposed changes strengthening auditors’ responsibilities for detecting fraud, known as noncompliance with laws and regulations (NOCLAR.) But many in the industry, including the Big Four accounting firms, have serious objections. In this interview McGowan, of external auditor industry group The Center for Audit Quality lays out his concerns and the approach he would prefer the PCAOB to take.
This episode also digs into the CAQ’s Anti-Fraud Collaboration and its research findings, the prospect of using AI to better detect fraud, McGowan’s own experience of going through the PCAOB inspection process and how audit firms can continue to be as welcoming as possible to LGBTQ+ professionals.
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