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."
Audit Chairs Give 2020 Audits Mixed Reviews
In discussions with the PCAOB, audit committee chairs cited areas of auditor strengths and weaknesses.
Kaiser to Leave PCAOB; Chief Auditor to Replace Him
Megan Zietsman, chief auditor and director of professional standards of the PCAOB, will replace Jim Kaiser, who is retiring.
Deloitte Fined Record $19M Over Audit Failures
A U.K. investigation found the Big Four firm liable for “serious and serial failures” in its audits of software firm Autonomy.
Deloitte to Create Independent Audit Board
The new board is part of Deloitte's plan to implement U.K. regulatory changes after a series of high-profile audit failures at Big Four accounting firms.
Big Four Heading for Audit Shakeup in U.K.
The U.K.'s accounting watchdog has asked the firms to submit a plan by Oct. 23 for separating their audit and consulting businesses.
Anatomy of a Short Attack
The current conditions of the COVID-19 pandemic have created a perfect storm for companies that are subject to an attack by short-sellers.
SEC Planning to Loosen Auditor Independence Rules
On Monday, the SEC proposed changing the rules to keep auditor committees and auditors from spending time on "non-substantive" rule breaches.
Audit Woes in U.K. Hit KPMG’s 2019 Profit
The 14% decline in U.K. profits "follows a series of reputational setbacks for KPMG over the past two years."
Audits Are Broken. Here’s a Radical Way to Fix Them.
A certain federal agency should take over all public company audits, suggests a former Big Four auditor and current accounting software company CEO.
Watchdog Slams PCAOB Oversight of Big Four
“By failing to hold the Big Four accountable [for audit deficiencies], the board is putting all Americans’ financial futures in jeopardy.”