Auditing Archives - CFO

The Big Four Continue to Dominate Auditing: Weekly Stat

The Big Four Continue to Dominate Auditing: Weekly Stat

The audit market is most concentrated among the population of large accelerated filers, 88% of which tap a Big Four firm for assurance.

By Vincent Ryan | June 29, 2022

Can the U.S. and China Resolve the Tussle Over Audit Inspections?

Can the U.S. and China Resolve the Tussle Over Audit Inspections?

Beijing's crackdown on overseas listings might help the countries avoid a U.S. ban on China-based issuers.

By Drew Bernstein | March 3, 2022

The House Sticks its Nose into Audit Rotation

Management Accounting

The House Sticks its Nose into Audit Rotation

U.S. Representatives are not merely waging a fight against auditor rotation. They are trying to marginalize the Public Company Accounting Oversight Board.

By Vincent Ryan | October 24, 2021

How Many of Your Primary Controls Are Preventive?

Risk & Compliance

How Many of Your Primary Controls Are Preventive?

Fraud detection is good. Preventing fraud in the first place is even better.

By Perry D. Wiggins | September 1, 2021

Two PCAOB Members Resigning

Two PCAOB Members Resigning

The departures of Rebekah Goshorn Jurata and Megan Zietsman come as the SEC weighs the appointment of an entire new board.

By Vincent Ryan | August 23, 2021

EY, Partners Charged With Auditor Independence Violations

EY, Partners Charged With Auditor Independence Violations

The charges may reignite the discussion around the too-cozy relationship of some finance executives and their audit firms.

By Vincent Ryan | August 2, 2021

10 CFO Tips for the SPAC Transition

10 CFO Tips for the SPAC Transition

How to navigate both the “going public” and “being public” phases.

By Shauna Watson and Barclay Stanton | August 2, 2021

FASB Launches Agenda Consultation Project

Revenue Recognition

FASB Launches Agenda Consultation Project

The first in five years, the project seeks comments about the Financial Accounting Standards Board's future standard-setting agenda.

By Vincent Ryan | June 28, 2021

Gensler Ousts PCAOB Chair; Other Board Members to Follow

Corporate Finance

Gensler Ousts PCAOB Chair; Other Board Members to Follow

Besides removing William D. Duhnke III, the SEC said it intends to seek candidates to fill the other Board positions.

By Vincent Ryan | June 7, 2021

PCAOB Critics Call On Gensler to Clean House

PCAOB Critics Call On Gensler to Clean House

"We do not believe the current Board members are up to the task of re-focusing the PCAOB on its core mission," says an investor group.

By Vincent Ryan | May 20, 2021

PCAOB Proposes Rule for Foreign Audit Inspections

PCAOB Proposes Rule for Foreign Audit Inspections

The rule provides a framework for implementing a new law that could result in the delisting of Chinese companies from U.S. exchanges.

By Matthew Heller | May 14, 2021

CPA Charged With Violating Auditing Rules

Risk & Compliance

CPA Charged With Violating Auditing Rules

Christopher Knauth allegedly performed an audit of a public company even though his firm was not registered with the PCAOB.

By Matthew Heller | April 6, 2021

PCAOB Forms Stakeholder Advisory Group

PCAOB Forms Stakeholder Advisory Group

The 18-person panel will have three seats each for audit committee members or directors and financial reporting oversight personnel, including CFOs.

By Vincent Ryan | March 30, 2021

SEC Unveils Rule on Oversight of Chinese Issuers

Risk & Compliance

SEC Unveils Rule on Oversight of Chinese Issuers

The regulator indicated how it will implement a law aimed at delisting Chinese companies that do not meet U.S. auditing standards.

By Matthew Heller | March 24, 2021

U.K. Proposes Reforms to Upgrade Audit Sector

U.K. Proposes Reforms to Upgrade Audit Sector

“It's clear from large-scale collapses like Thomas Cook, Carillion and BHS that Britain's audit regime needs to be modernized."

By Matthew Heller | March 18, 2021