Recent Bank Failures May Indicate Problems with Going Concern Standards, Liquidity Risk Disclosure Rules
By now almost everyone knows that Silicon Valley Bank (SVB), which largely lent to tech companies, failed almost overnight on …
Ex-SEC Commissioner Piwowar Suggests Cutting Commission Rulemaking from Legislative Reforms
Former SEC Commissioner Michael Piwowar on March 9, 2023, suggested Congress move forward with securities law reforms that do not …
Audit Committees are Increasingly Tasked with Additional Areas of Oversight, Survey Finds
The scope of a company’s audit committee’s oversight responsibilities continues to expand, according to a new report from Deloitte Development …
SEC Commissioner Hester Peirce Criticizes PCAOB’s ‘Ballooning’ Budget
Securities and Exchange Commissioner Hester Peirce in a statement criticized what she sees as the Public Company Accounting Oversight Board’s …
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, …
With a New Sheriff in Town, Experts Weigh in on Strengthened PCAOB Enforcement
One of the Public Company Accounting Oversight Board’s (PCAOB) new strategic goals under Chair Erica Williams’s leadership is to step …
Audit Deficiencies Increased, 2021 PCAOB Inspections Find
The Public Company Accounting Oversight Board (PCAOB) said that accounting firms should do a better job of auditing their clients’ …
Auditor Independence is Currently Not on SEC Rulemaking Agenda, Senior Official Says
During a speech in July, Securities and Exchange Commission Chair Gary Gensler said that the commission and the PCAOB should …
U.S. Audit Regulator Sanctions Three Foreign KPMG Affiliates
The U.S. Public Company Accounting Oversight Board (PCAOB) on Dec. 6, 2022, said that three firms and four individuals affiliated …
Regulator Proposes Sweeping Reforms to Quality Control Standards for Audit Firms
The Public Company Accounting Oversight Board (PCAOB) on Nov. 18, 2022, voted unanimously to issue a proposal that would impose …