CPAs Must Upskill to Succeed in Top Finance Roles, Report Finds
Certified Public Accountants (CPAs) seeking to advance to chief financial officer (CFO) roles must develop a broader range of skills …
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 …
Unclaimed Property Expert Talks Audit Trends
Correction, 7/11/2024: This article has been updated with a corrected quote in paragraph four regarding bank and insurance company audits. …
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 …
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 …
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 …
In Separate Actions, PCAOB Fines PwC US $2.75M and PwC Australia $600,000 for Quality Control Failures
In separate enforcement actions, the US Public Company Accounting Oversight Board (PCAOB) on March 28, 2024, fined PricewaterhouseCoopers LLP in …
Proposal Would Prohibit Misleading Statements by Auditors About PCAOB Registration, Oversight
The Public Company Accounting Oversight Board (PCAOB) on February 27, 2024, voted unanimously to propose a new rule that would …
What Are the Consequences of Auditors Subject to Regulatory Enforcement Actions? Apparently Not Much
Many public company external auditors who were subject of SEC or PCAOB enforcement actions between 2003 and 2019 did not …