SEC Relaxes Auditor Independence Rules
By Soyoung Ho SEC Commissioners Allison Herren Lee and Caroline Crenshaw said in a joint statement that they voted against …
PCAOB Member Brown Calls Revised Agenda ‘a Tragic Mistake’
By Soyoung Ho PCAOB member Jay Brown said he does not support the board’s recently revised standard-setting and research agendas …
ESG Reporting is All the Rage, but Companies are Unsure About Which Reporting Standards to Use
By Soyoung Ho Investors in the past several years have been asking for companies to provide more information on environmental, …
SEC Plans to Simplify Auditor Independence Rules in Next Few Months
By Soyoung Ho The SEC is planning to finalize in the next few months a rule proposal that is intended …
President Trump Criticizes Chinese Firms’ Refusal to Follow Audit Rules, Seeks Solutions
By Soyoung Ho President Donald Trump is ratcheting up pressure on Chinese authorities to allow U.S. regulators to inspect China-based …
AICPA Board Votes to Finalize Standards on Audit Evidence and Auditing Estimates
By Soyoung Ho The AICPA’s Auditing Standards Board (ASB) voted to finalize two proposed auditing standards on audit evidence and …
Remote Auditing During Pandemic: Zoom and Drones
By Soyoung Ho Companies’ independent auditors seem to be for the most part weathering the COVID-19 storm relatively well, thanks …
PCAOB Member Brown Wants Renewed Conversation About Auditor’s Role in Information Outside Financial Statements
By Soyoung Ho As public companies increasingly provide useful information outside the financial statements, PCAOB member Jay Brown said that …
Auditing Standards Board Agrees to Final Standard to Align With PCAOB Guidance
The AICPA’s Auditing Standards Board (ASB) unanimously agreed to issue a final standard to align its guidance with PCAOB standards …
IRS finalizes rules for electing out of centralized partnership audit regime
IRS has issued final regs regarding the election out of the centralized partnership audit regime rules. The final regs largely …