“By failing to hold the Big Four accountable [for audit deficiencies], the board is putting all Americans’ financial futures in jeopardy.”
Investors get more information about the selection and evaluation of large companies' independent auditors.
Companies don't look good for penalizing honest auditors, while other auditors don't look good for rendering slanted opinions.
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.
Study results contradict critics who are trying to water down the Sarbanes-Oxley requirement for auditing internal controls over financial reporting.
New accounting standards, greater M&A activity, and PCAOB documentation requests drove up fees, according to the Financial Executives Research Foundation.
For top executives, managerial experience at an auditing firm is not necessarily a virtue, especially among those who are highly paid, a study finds.
Sarbanes-Oxley compliance costs shot up this year, underscoring the need for companies to automate more of their compliance activities.
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.
The SEC says PCAOB staffers leaked confidential materials to KPMG partners to boost the firm's inspection results.
Companies "raise significantly more external capital following the disclosure of their auditors’ PCAOB inspection report," study finds.
