Auditors are developing a level of speed and accuracy that would have been considered superhuman less than a decade ago.
Amid growing pressure from regulators, the firm announced plans for a significant transformation of its audit business.
Auditors who trust their clients can feel freer to be more skeptical of their financial reporting.
Auditors will be required to file a new Form AP with the PCAOB, disclosing the name of the engagement partner.
Audit reviewers may be unduly influenced by preparers' feelings about individual clients, finds recent research.
The PCAOB will take a second crack at a proposal to require an auditor to reveal the thinking behind troublesome audit opinions.
