PCAOB Preparing New Rule for Audits of Accounting Estimates
The PCAOB staff plans to discuss auditors’ responsibilities for accounting estimates with the Standing Advisory Group in June.
Adoption of Clawbacks Tied to Earnings Manipulation
Voluntary adoption of clawback policies is correlated with an increase in "real transactions management," a way to artificially boost earnings.
Tackling Disclosure Overload
Regulators are calling on companies to reduce the boilerplate and improve the effectiveness of financial reporting.
Another Look at Auditor Nightmares
The PCAOB will take a second crack at a proposal to require an auditor to reveal the thinking behind troublesome audit opinions.
PCAOB’s ‘Audit Failure’ Rate Is Highly Suspect
The Public Company Accounting Oversight Board is making loose, misleading statements about the quality of public company audits.