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.
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.
S&P 500 Firms Beefing Up Audit Disclosures
A survey finds disclosure of information on key areas of external auditor oversight has more than doubled in the past two years.
Voluntary Audit Disclosures Continue to Grow
An EY report says more companies are disclosing how they oversee and appoint external auditors and the reasons for changes in fees.
Court Clarifies CFO Liability for False Filings
An appeals court "ups the ante" for finance chiefs who certify that SEC filings include no material misstatements or omissions.
Staggered Boards Affect Audit Committee Quality
A new study finds audit committees at companies that hold staggered board elections are not responsive to low shareholder approval.
More Issuers Revealing Pre-IPO Weaknesses
The portion of IPOs reporting material weaknesses in internal controls rose from 23% in 2011 to 27% in 2014, with 31% projected for 2015, PwC finds.
Audit Fees for Public Companies Up 3.4%
SEC filers paid external auditors an average of $1.5 million in 2014, with the median fee coming in at $402,812.
Big Firms Expanding Voluntary Audit Disclosures
More companies are disclosing how they oversee external auditors and the audit committee's involvement in the auditor selection process.
SOX Compliance Getting More Costly
External auditors are placing more focus on evaluating internal controls over financial reporting, leading to higher fees for companies.