Elizabeth Holmes and her Big 4 audit firm buddies at Theranos

When audit firms don’t live up to their public duty, everyone gets hurt. The harm at Theranos was more than financial.

When auditors don’t look out for the public, everyone gets hurt. The injuries can be more than financial.  

The SEC’s chief enforcer Gurbir Grewal has been asking auditors to step up in almost every speech he’s made since joining the SEC six months ago. In early December Grewal asked an audience of audit professionals, CFOs, and other regulators, “Where …