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Financial Executives International (FEI) is urging the U.S. Department of Treasury to require U.S. auditing firms, like their European counterparts, to issue online transparency reports detailing important financial information and governance policies. The purpose of the proposal is to give audit clients and investors easier access to their credentials. It’s only fair, says Christine DiFabio, FEI vice president of technical accounting activities. “If public companies need to be accountable, then audit firms need to be as well, because audit committees are making decisions that impact investors from both an audit and a financial reporting perspective.”

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