PCAOB Proposes Revised Audit Requirements for Non-Compliance with Laws and Regulations
The Public Company Accounting Oversight Board (PCAOB) on June 6, 2023, voted 3 to 2 to issue a proposal that …
AICPA Auditing Standards Board’s Work Plan Includes Potential Convergence Projects with International Standards
The AICPA’s Auditing Standards Board (ASB) is working on several standard-setting or research projects, according to its 2023 workplan, which …
PCAOB Moves Project on Audit Quality Indicators to Standard-Setting Agenda
The Public Company Accounting Oversight Board (PCAOB) will consider issuing a proposal on key audit quality indicators (AQIs) in the …
COSO Publishes Guidance for Internal Control Over Sustainability Reporting
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) on March 30, 2023, published a study along with supplemental …
Nearly All Large Global Companies Disclose ESG Information
For the third year in a row, more big global companies disclosed environmental, social and governance (ESG) matters than in …
AICPA’s Auditing Standards Board Votes to Finalize Proposed Group Audits Standard
The AICPA’s Auditing Standards Board (ASB) voted to finalize its proposal on group audits during a video meeting held from …
AICPA Digital Asset Reporting Guide Punts on Lending Transactions
A working group of the AICPA—which develops a practice aid related to crypto accounting—decided not to directly address a recent …
AICPA Publishes Blueprints for New CPA Exams
The AICPA on Jan. 4, 2023, unveiled updated Uniform CPA Examination® Blueprints. This is the official document of content eligible …
PCAOB Issues Second Proposal to Modernize Rules on Audit Confirmation Process
More than a dozen years after the Public Company Accounting Oversight Board (PCAOB) issued a rule proposal on audit confirmations, …
Employers Need Clarity on Taxing Remote Work, CPA Group Says
Updated guidance on remote working arrangements is needed from IRS and Treasury officials, the leading body for U.S. accountants said …