China-based companies are still not complying with PCAOB audit inspections. Does Congress have the answer?
Studies find no significant fall-offs in reporting quality over partners’ five-year tenures and little or no evidence of the benefits of "fresh looks."
The board will assess whether it should change its standard to reflect the growing use of technology-based auditing tools.
Patrick Bryan will advance the board's investigations and litigation of violations of PCAOB rules and securities regulations.
A certain federal agency should take over all public company audits, suggests a former Big Four auditor and current accounting software company CEO.
Rebekah Goshorn Jurata replaces Kathleen Hamm, a cybersecurity expert who had been seeking a second term on the board.
The PCAOB says the firm improperly promoted clients that made presentations at investor conferences it hosted.
“By failing to hold the Big Four accountable [for audit deficiencies], the board is putting all Americans’ financial futures in jeopardy.”
The software giant's auditor, Deloitte, found CAMs related to revenue recognition judgments and uncertain income tax provisions.
Despite ongoing expectations to the contrary, complying with the Sarbanes-Oxley Act remains a moving target for companies.
The PCAOB says William Trainor improperly concluded he did not have to issue an adverse ICFR opinion for Forest Oil.
While it may serve the interests of struggling companies, shopping for a favorable audit opinion lessens auditor independence and audit quality.
