Public Company Accounting Oversight Board
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.
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.
Marcum Fined $525K for Touting Audit Clients
The PCAOB says the firm improperly promoted clients that made presentations at investor conferences it hosted.
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.”
Audit Committees Boost Disclosure to Shareholders
Investors get more information about the selection and evaluation of large companies' independent auditors.
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.
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.
‘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.
SOX 404(b) Provides Investor Value After All
Study results contradict critics who are trying to water down the Sarbanes-Oxley requirement for auditing internal controls over financial reporting.
Rate of Growth in Audit Fees Doubled in 2017: FERF
New accounting standards, greater M&A activity, and PCAOB documentation requests drove up fees, according to the Financial Executives Research Foundation.
The Dark Side of Accounting Expertise
For top executives, managerial experience at an auditing firm is not necessarily a virtue, especially among those who are highly paid, a study finds.