PCAOB Proposes Rule Revision to Increase Auditor Accountability
The Public Company Accounting Oversight Board (PCAOB) on Sept. 19, 2023, issued a proposal intended to more effectively deter auditor …
PCAOB Schedules Vote to Issue Proposed Rule on Contributory Liability for Audit Firm Violations
The Public Company Accounting Oversight Board (PCAOB) scheduled a public meeting for Sept. 19, 2023, to consider issuing a proposal …
Cornerstone Research’s Elaine Harwood on Trends in PCAOB, SEC Accounting and Auditing Enforcement Actions
The number of SEC accounting and auditing enforcement actions rose by 55 percent in fiscal 2022 – with jumps in …
SEC Delays Climate Change Disclosure Rulemaking
It’s official: the Securities and Exchange Commission has delayed its climate change disclosure rulemaking once again. And now the agency …
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 …
Study Finds Negative Impact on Audit Partners who Give Adverse Internal Control Opinions
As regulators review audit independence requirements to figure out whether the rules should be changed in order to promote auditor …
U.S. Audit Regulator Asks Court to Dismiss Suit by Accountant Challenging Disciplinary Proceedings
The U.S. Public Company Accounting Oversight Board (PCAOB) on April 14, 2023, filed a motion to dismiss a lawsuit brought …
IRS Spending Plan Elicits Mixed Reactions From Congress, Policy Groups
Following the release of the much-anticipated spending plan for how the IRS intends to deploy the $80 billion appropriation granted by the …
PCAOB Advisers Say Auditors May not be Fully Complying with Expanded Reporting Rule
During a public meeting last week, some Public Company Accounting Oversight Board (PCAOB) advisers said they are concerned that auditors …
Audit Regulatory Board Mum on Bank Failures as Critics Question Clean Audit Opinion for Silicon Valley Bank
For now, the Public Company Accounting Oversight Board (PCAOB) will not publicly address recent bank collapses, triggered by the abrupt, …