PCAOB Auditor Pressure Spurs Sarbox Controls Tightening
Increasing Public Company Accounting Oversight Board auditor requirements prod companies to boost Sarbanes-Oxley compliance activities, a survey finds.
Managements’ Estimate Biases Targeted by Two PCAOB Proposals
The oversight board issues proposals on auditing fair-value estimates and the use of specialists.
PCAOB OKs First Big Change to Audit Report in 70 Years
A PCAOB recommendation would require auditors to report on issues that kept them up at night.
PCAOB Trying Different Tack in Selecting Audits
Among other things, the new approach will limit the ability of firms to predict which of their audits the PCAOB may select to inspect.
KPMG Replaces Audit Chair in Wake of PCAOB Leaks
An employee at the accounting oversight board leaked news of upcoming inspections to a former PCAOB employee who'd moved to the audit firm.
Investors Beware, Emerging Growth Company Stats Suggest
Among other worrisome findings, 23% of non-listed ECGs disclosed that they were shell companies.
Senators Urge Making PCAOB Hearings Public
Sens. Jack Reed and Chuck Grassley say the secrecy of board disciplinary proceedings is keeping critical information from investors.
PCAOB Chair Goes on the Defensive
The Republican electoral wins pose an added threat to the tenure of PCAOB Chair James Doty.
EY Fined $11.8M Over Defective Client Audits
The SEC says the firm ignored red flags in its auditing of Weatherford International despite designating the client as "particularly risky."
Spotlight Trained on Intercompany Accounting
Regulators are turning up the heat on the historically lax process of accounting for transactions between related legal entities.
Reaching a Consensus on Management Review Controls
Management review controls are often subjective, complex to analyze, and harder to audit than other kinds of financial information.