PCAOB Defends New Quality Control Standard Amidst Opposition by Auditors, Businesses
The Public Company Accounting Oversight Board (PCAOB) defended its recently finalized quality control standard (QC) in response to criticisms by …
PCAOB Criticizes Deloitte for the Same Quality Control Problems Three Years in a Row; Flags Deficiencies at Six Firms
The Public Company Accounting Oversight Board (PCAOB) has criticized Deloitte & Touche LLP for failing to address quality control (QC) …
PCAOB Criticizes EY for Quality Control Problems Twice in a Row; Finds Deficiencies at China, Hong Kong Big Four Affiliates
The Public Company Accounting Oversight Board (PCAOB) criticized Ernst & Young LLP for failing to address quality control (QC) problems …
Center for Audit Quality Asks PCAOB to Reduce Burdens on Small Accounting Firms
A task force of the Center for Audit Quality (CAQ) urged the Public Company Accounting Oversight Board (PCAOB) to consider …
PCAOB: ‘John Doe’ Auditor Challenging Enforcement Action Needs to Identify Self
An auditor challenging the constitutionality of PCAOB disciplinary proceedings against him should be required to identify himself, the board argued …
PCAOB Adopts Rule Intended to Increase Auditor Accountability
Less than a year after proposing a rule intended to more effectively deter auditor misconduct, the Public Company Accounting Oversight …
SEC Reappoints PCAOB Chair Williams For Second Term
The Securities and Exchange Commission (SEC) on June 11, 2024, said Erica Williams was appointed to a second term as …
PCAOB Removes Low-Priority Project From Rulemaking Agenda
One year after the Public Company Accounting Oversight Board (PCAOB) added Follow-on Disciplinary Proceedings to its rulemaking agenda, the project …
Existing PCAOB Standards Can be Used For SEC’s Climate Disclosure Rule, Board Chair Says
Leaders of the Public Company Accounting Oversight Board (PCAOB) said that the board’s existing standards and rules can be used …
In Unusual Request, Center for Audit Quality Asks PCAOB to Delay Sending Revised Standards to SEC for Approval
In an unusual request, the Center for Audit Quality (CAQ) asked the Public Company Accounting Oversight Board (PCAOB) to delay …