PROGRAM # 365 and 366
GUEST: Anthony K. Anderson, Michael Schneider
TITLE: Managing Partner, Ernst & Young
Member, California Board of Accountancy

The multi-national Big Four accounting firms are responsible for overseeing the proper reporting of billions of dollars in transactions every year. Can they be pressured to alter the books for high-dollar clients? Who assures they follow standard accounting practices? Michael Schneider from the California Board of Accountancy and Anthony Anderson of the Accountancy Coalition explain the role of the California Board of Accountancy in assuring ethical, honest and responsible conduct on the part of CPA’s throughout California. The CBA can “take away the license of a firm or individual” which is “a death warrant to a large firm because they audit the public companies.”