PCAOB Finds Deficiencies at 21 Audit Firms
The PCAOB identified deficiencies in the work of 21 audit firms in the board’s most recent round of inspection reports, …
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 …
PCAOB May Face Long Odds Completing Audit Quality Indicators Project
In response to investor advocates’ demand, the Public Company Accounting Oversight Board (PCAOB) added “firm and engagement performance metrics” to …
SEC Acting Chief Accountant Urges Auditors to Step Up in Detecting Corporate Fraud
Securities and Exchange Commission Acting Chief Accountant Paul Munter issued an Oct. 11, 2022, public statement, urging auditors to do …
SEC Should Absorb PCAOB Functions, Says Commissioner Peirce
Securities and Exchange Commission member Hester Peirce in a speech said that it may serve the public better if the …
PCAOB Chair Williams: ‘This board is approaching enforcement with a renewed vigilance’
Public Company Accounting Oversight Board (PCAOB) Chair Erica Williams has a strong message to accountants who audit public companies: “This …
Other Regulators are Discussing Implications of SEC Staff Accounting Bulletin on Crypto Safeguarding Activities
In response to a question at a conference about whether the Public Company Accounting Oversight Board is thinking about providing …
Investor Advisory Committee Recommends SEC to Review Current Accounting Standard-Setting Practices
The Securities and Exchange Commission’s (SEC) Investor Advisory Committee (IAC) on Sept. 21, 2022, unanimously voted to recommend that the …
Investor Advocates Urge Audit Firm Regulator to Set More Targeted Plans and Goals
The Public Company Accounting Oversight Board (PCAOB) last month issued a five-year strategic plan that has four goals for public …
U.S. and China Sign Historic Agreement on Audit Firm Supervision
The U.S. Public Company Accounting Oversight Board (PCAOB) on Aug. 26, 2022, finally signed an agreement with Chinese authorities that …