The PCAOB has had `buzzard's luck'. (Opinion: the free and open forum for the tax and accounting community)

Accounting Today, February, 2003 by Bill Carlino

For an entity that was supposed to help reform the profession, the Public Company Accounting Oversight Board has, since its rocky inception, seemingly battled everyone and everything but accounting reform.

It's what the old-timers used to call "buzzard's luck"--can't kill anything and nothing will die.

First there was the endless speculation on who would actually man this nebulous oversight body, with everyone from former Fed chairman Paul Volcker to avuncular newsman Walter Cronkite (that's a joke, so please don't call me) being mentioned as possible candidates.

When the board was eventually assembled, newly named chair William Webster was discovered to have served on the audit committee of a company accused of accounting irregularities. He was out...