Public Company Accounting Oversight Board

PCAOB Revamped With Four New Members
Regulation

PCAOB Revamped With Four New Members

“With these additions to the board, the PCAOB will have the leadership to meet the mission given to it by Congress.”
By Matthew Heller | November 9, 2021
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PCAOB Proposes Rule for Foreign Audit Inspections
Regulation

PCAOB Proposes Rule for Foreign Audit Inspections

The rule provides a framework for implementing a new law that could result in the delisting of Chinese companies from U.S. exchanges.
By Matthew Heller | May 14, 2021
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PCAOB to Consider Revising Audit Evidence Rule
Regulation

PCAOB to Consider Revising Audit Evidence Rule

The board will assess whether it should change its standard to reflect the growing use of technology-based auditing tools.
By Matthew Heller | September 9, 2020
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PCAOB Appoints New Director of Enforcement and Investigations
People

PCAOB Appoints New Director of Enforcement and Investigations

Patrick Bryan will advance the board's investigations and litigation of violations of PCAOB rules and securities regulations.
By Lauren Muskett | December 18, 2019
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Audits Are Broken. Here’s a Radical Way to Fix Them.
Risk & Compliance

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.
By David McCann | November 27, 2019
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SEC Names White House Aide to PCAOB
Risk & Compliance

SEC Names White House Aide to PCAOB

Rebekah Goshorn Jurata replaces Kathleen Hamm, a cybersecurity expert who had been seeking a second term on the board.
By Matthew Heller | October 17, 2019
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Marcum Fined $525K for Touting Audit Clients
Risk & Compliance

Marcum Fined $525K for Touting Audit Clients

The PCAOB says the firm improperly promoted clients that made presentations at investor conferences it hosted.
By Matthew Heller | September 11, 2019
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Watchdog Slams PCAOB Oversight of Big Four
Regulation

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.”
By Matthew Heller | September 6, 2019
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Audit Committees Boost Disclosure to Shareholders
Risk & Compliance

Audit Committees Boost Disclosure to Shareholders

Investors get more information about the selection and evaluation of large companies' independent auditors.
By David McCann | September 5, 2019
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Fresh Evidence of Auditor Bias Emerges
Risk Management

Fresh Evidence of Auditor Bias Emerges

Companies don't look good for penalizing honest auditors, while other auditors don't look good for rendering slanted opinions.
By David McCann | August 12, 2019
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Ex-EY Partner Sanctioned Over Inadequate Audit
Risk & Compliance

Ex-EY Partner Sanctioned Over Inadequate Audit

The PCAOB says William Trainor improperly concluded he did not have to issue an adverse ICFR opinion for Forest Oil.
By Matthew Heller | June 7, 2019
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‘Opinion-Shopping’ Compromises Auditor Independence
Auditing

‘Opinion-Shopping’ Compromises Auditor Independence

While it may serve the interests of struggling companies, shopping for a favorable audit opinion lessens auditor independence and audit quality.
By David McCann | May 8, 2019
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16 Years Later, SOX Compliance Continues to Evolve
Robotic Process Automation

16 Years Later, SOX Compliance Continues to Evolve

Sarbanes-Oxley compliance costs shot up this year, underscoring the need for companies to automate more of their compliance activities.
By David McCann | August 13, 2018
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When Are Execs Most Likely to Inflate Earnings?
Risk & Compliance

When Are Execs Most Likely to Inflate Earnings?

Earnings management tends to occur not when a company is getting little or a lot of attention, but rather when it's in the middle of those extremes.
By David McCann | June 6, 2018
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