Lessons on Auditing from Carillion’s Collapse
The sudden failure of U.K. construction firm Carillion exposes the limits of public company auditing and sparks discussion of reforms.
What Is a Critical Audit Matter?
How does an auditor figure out whether a matter involves especially "challenging, subjective, or complex judgment?"
Deloitte Turkey Execs Banned for Audit Rigging
The case alleging two former senior partners failed to stop the alteration of documents "exemplifies the deep ethical rot in auditing today."
PCAOB Questions Its Own Relevance
The audit overseer is seeking help in identifying "the most promising opportunities to enhance the PCAOB's relevance to the capital markets."
SEC Charges Foreign Affiliates of KPMG, Deloitte, and BDO
The foreign firms participated in audits that skirted the full oversight of the Public Company Accounting Oversight Board.
PCAOB Fines Grant Thornton $1.5 Million
Grant Thornton assigned two partners in its Philadelphia office to audits even though the firm had concerns about the quality of their auditing work.
New PCAOB Chair Closely Linked to Sen. Shelby
The SEC cleans house at the Public Company Accounting Oversight Board.
SEC Accountants Voice Resource Constraints
The 50 employees at the Securities and Exchange Commission’s office of the chief accountant try to keep up with technology changes like bitcoin.
PCAOB Probes Help Companies Raise Capital
Companies "raise significantly more external capital following the disclosure of their auditors’ PCAOB inspection report," study finds.
Chamber Urges SEC to Nix Auditor Disclosure Rule
The Public Company Accounting Oversight Board’s proposal would spawn confusion and liability, according to the U.S. Chamber of Commerce.
A Vote of Confidence for the PCAOB?
SEC Chairman Jay Clayton praises James Doty’s decision to stay on while the PCAOB starts to fill four vacant posts.