PCAOB Public Meeting on Firm Independence and Rotation

Morning Session

Afternoon Session

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Morning Session (time: 3:59:16)

Archived audio and video

Afternoon Session (time: 4:27:03)

Archived audio and video


 8:30 a.m.Welcome and Opening Remarks 
 8:40 a.m.Session OneStephen A. Zeff, Herbert S. Autrey Professor of Accounting, Jones Graduate School of Business, Rice University

Enhancing the Audit Committee's Independence from Management, and Possible Explanations for the Lack of Auditor Skepticism

 9:20 a.m.Session TwoKaren K. Nelson, Harmon Whittington Professor of Accounting, Jones Graduate School of Business, Rice University

Mark W. Nelson
, Eleanora & George Landew Professor of Management and Professor of Accounting, S. C. Johnson Graduate School of Management, Cornell University

Scott Whisenant, Associate Professor of Accounting, University of Kansas School of Business

 10:20 a.m.Break 
 10:40 a.m.Session ThreeHenry T. C. Hu, Allan Shivers Chair in the Law of Banking and Finance, The University of Texas at Austin School of Law

Informational Dilemmas: A New Auditor Rotation Idea and "Too Complex to Depict?"

 11:20 a.m.Session FourRobert T. Blakely, Chairman of the Audit Committee, Ally Financial Inc. and Westlake Chemical Corporation; Audit Committee Member, Greenhill & Co and Natural Resource Partners LLC

Kenneth Daly
, President and CEO, National Association of Corporate Directors

Michelle Edkins, Managing Director, Global Head of Corporate Governance & Responsible Investment, BlackRock

Larry Rittenberg, Professor Emeritus, Accounting & Information Systems, Wisconsin School of Business; Audit Committee Chairman, Woodward, Inc.; former Chairman of The Committee of Sponsoring Organizations of the Treadway Commission

 12:20 p.m.Lunch 
 1:20 p.m.Session FiveNathalie Berger, Head of Unit, Audit and Credit Rating Agencies, European Commission

European Commission Proposals for the Reform of the EU Audit Market

 2:00 p.m.Session SixErik F. Gerding, Associate Professor of Law, University of Colorado Law School

Robert A. Prentice
, Interim Chair and Professor, Business, Government & Society Department, McCombs School of Business, The University of Texas at Austin

 2:45 p.m.Session SevenDan M. Slack, CEO, Fire & Police Pension Association of Colorado

Gregory W. Smith
, Interim Executive Director, Public Employees' Retirement Association of Colorado

 3:30 p.m.Break 
 3:45 p.m.Session EightT. Cory Bleuer, Vice President, Controller & Chief Accounting Officer, BMC Software, Inc.

Daniel J. Cancelmi
, CFO, Tenet Healthcare Corporation

Patrick T. Mulva, Vice President and Controller, ExxonMobil Corporation

 4:45 p.m.Session NineCynthia M. Fornelli, Executive Director, Center for Audit Quality

Gaylen R. Hansen
, Partner, Ehrhardt Keefe Steiner & Hottman PC; Chairman-Elect, National Association of State Boards of Accountancy

W. David Rook, Partner-in-Charge, Firm Assurance and Advisory Services, Weaver and Tidwell, LLP

 5:45 p.m.Conclusion