U.S. Audit Regulator Sanctions PwC Canada for Widespread Employee Cheating on Internal Tests
The U.S. Public Company Accounting Oversight Board (PCAOB) fined PricewaterhouseCoopers LLP Canada US$ 750,000 for having faulty quality control standards …
Trading Ban Acceleration Passes House in China Competition Bill
The House on February 4, 2022, voted 222 to 210 to pass a sweeping bill designed to strengthen U.S. economic …
PCAOB Seeks Candidates for New Advisory Groups
The PCAOB on January 31, 2022, said that it is forming two advisory groups: the Investor Advisory Group (IAG) and …
PCAOB Elimination Bill Draws Big Four Lobbying Attention
A House Republican bill that would dissolve the PCAOB and fold its functions into the SEC became the subject of …
SEC Has Over 50 Rulemaking Projects, but a ‘Phenomenally Important’ One is Missing
There is no doubt that SEC Chair Gary Gensler’s near-term rulemaking agenda is ambitious with over 50 items. But there …
SEC Investor Advocate Urges New PCAOB to Reinstitute Investor Advisory Group
The SEC’s Office of the Investor Advocate in a report encouraged the PCAOB to reinstitute “a meaningful investor advisory group …
PCAOB Issues Report on China, Hong Kong Determinations under Holding Foreign Companies Accountable Act
The PCAOB on December 16, 2021, issued a report relaying to the SEC its determinations that the board is unable to …
PCAOB’s 2022 Budget is Set to Increase 8 Percent to $310.3 Million
The PCAOB on November 23, 2021, voted 3 to 0 to approve its 2022 budget of $310.3 million, an increase …
New PCAOB Short-Term Priorities Include Investor Engagement
One of the most important changes that the new Public Company Accounting Oversight Board (PCAOB) will bring is increased effort …
Big Four, AIPCA Lobbying Includes FASB Independence, PCAOB Enforcement Transparency
Big Four audit firms and the AICPA reported lobbying on a wide range of accounting-related matters in the third quarter …