PCAOB Investor Panel Picks Deloitte, EY for Having 3 Most Useful Critical Audit Matters in 2023
The Public Company Accounting Oversight Board’s (PCAOB) Investor Advisory Group (IAG) has presented three examples of the most decision-useful critical …
AICPA, NASBA Propose Alternative Path to CPA Licensure, Seek Industry Input
In a bid to increase flexibility for aspiring accountants while maintaining public protection standards, the American Institute of Certified Public …
Chamber of Commerce: PCAOB’s Ambitious Regulatory Activities ‘Will Undermine Audit Quality’
After having threatened the Securities and Exchange Commission (SEC) with a lawsuit if it moves ahead to approve the Public …
PCAOB Defends New Quality Control Standard Amidst Opposition by Auditors, Businesses
The Public Company Accounting Oversight Board (PCAOB) defended its recently finalized quality control standard (QC) in response to criticisms by …
PCAOB Adopts Rule Intended to Increase Auditor Accountability
Less than a year after proposing a rule intended to more effectively deter auditor misconduct, the Public Company Accounting Oversight …
Accounting Industry Confronts Talent Gap, Tech Disruption and ESG Pressures
The accounting industry is facing a triple threat of challenges, including a looming talent gap, rapid technological change, and the …
New PCAOB Standard is Expected to Lead to More Timely Issuance of Audit Inspection Reports
The Public Company Accounting Oversight Board (PCAOB) on May 13, 2024, voted unanimously to adopt a new standard that could …
Broken Workload Management, Other Issues Blocking Pipeline of CPA Talent, Study Says
Companies will need to pursue business model changes aggressively to attract and retain top CPA talent, especially amid staff shortages, …
Segment Reporting, AI, Commercial Real Estate are Among SEC Disclosure Review Priorities for 2024
At a conference, senior Securities and Exchange Commission (SEC) officials said that the staff will closely review several areas, including …
Regulator Proposes Auditor Performance Metrics, Updates to Firm Reporting
The Public Company Accounting Oversight Board (PCAOB) on April 9, 2024, issued two separate but related proposals intended to increase …