Christina Ho: Contrarian at the PCAOB

Also, Fed and FDIC agree on plan for releasing Basel changes

Friday Q and A: For most of its existence, the PCAOB has been a pretty sleepy place. But now the audit regulator – prodded by Gary Gensler – is stepping up its game with a flurry of new rule-writing and enforcement. Not surprisingly, the heightened activity has led to a lot of grumbling from accounting firms and the public companies they audit.

The fast-…