The longer the tenure of a company's Big Four auditor, the greater the fee — even though the effort required of the auditor lessens over time.
Disclosing supplemental information like key operating metrics and forecasts requires controls and procedures, says the SEC's Wesley Bricker.
The Republican electoral wins pose an added threat to the tenure of PCAOB Chair James Doty.
The new revenue standard could change "not only the top line, but also the bottom line and analysis that depends on the financial statements."
