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 …
Chair Williams Says PCAOB Has No Authority to Inspect Audits of FTX
Public Company Accounting Oversight Board Chair Erica Williams set the record straight about the board’s audit inspection program, with questions …
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 …