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 …
A Conversation with PCAOB Chair Erica Williams
Thomson Reuters recently had a conversation with U.S. Public Company Accounting Oversight Board (PCAOB) Chair Erica Williams during a sunny …
In Response to Investor Demand, PCAOB to Consider Adding Audit Quality Indicator Project to Agenda
Following requests by several heavy-hitters in the financial reporting ecosphere, the PCAOB is finally considering picking back up an old …
House Democrat Presses Chinese Ambassador on PCAOB Audit Inspection Deal
With the clock ticking for Chinese authorities to allow the PCAOB to completely inspect and investigate accounting firms in China …
China Disclosures, Regulatory Data Standards Included as House Defense Bill Amendments
The House of Representatives on July 14, 2022, agreed to a series of amendments to its fiscal 2023 defense authorization …
Unanimous PCAOB Adopts Standards to Strengthen Lead Auditor’s Supervision of Other Auditors
Several years after first issuing a proposal, the PCAOB on June 21, 2022, unanimously voted to adopt a standard that …
Beyond Jarkesy, SEC Administrative Proceedings Face Attacks on Multiple Fronts
The Fifth Circuit’s decision in Jarkesy v. SEC may not be the death blow to the SEC’s enforcement regime it’s …
Enforcement Staff Supports Legislation to Make PCAOB Disciplinary Proceedings Public
PCAOB Deputy Enforcement Director William Ryan said he supports legislative efforts to amend the Sarbanes-Oxley Act of 2002 to make disciplinary proceedings …