Senator Jack Reed our guy?
Is your audit firm being investigated? New law may expose misdeeds
The Defense Department will soon force accounting firms it hires to disclose investigations they face, a requirement that chips away at federal protections that have long helped keep flawed audits of public companies under wraps.
The directive was slipped without notice into last August’s $716 billion defense bill by Rhode Island Senator Jack Reed. It could have a significant impact on the many accounting firms that bid for auditing and consulting work at the Pentagon.
sauce:
https://www.accountingtoday.com/articles/is-your-audit-firm-being-investigated-new-law-may-expose-misdeeds