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Should pcaob give auditors numerical scores or letter grades

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After a food inspector examines a restaurant's food safety practices, the food inspector gives the restaurant a letter grade that, by law in state, must be posted in the front window of the restaurant. Auditors, though, do not have to post their PCAOB inspection reports on their websites. Suggest that the PCAOB should issue auditors ratings that they have to display on the home page of their websites. If restaurant food is deficient, will never go back there again. But how, a simple investor, supposed to know if an auditor's work is deficient?

Problem a. Should the PCAOB give auditors numerical scores or letter grades, so the investing public can better assess audit quality?

Problem b. How often are auditors inspected?

Reference no: EM132682996

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