The Public Company Accounting Oversight Board has proposed a set of significant changes in the requirements for auditing firms' quality control systems, in a major update from the earlier standards in ...

Since 2019, as part of its strategy of enhancing transparency and accessibility through proactive stakeholder engagement, the PCAOB has been engaging with audit committee chairs at U.S. public ...

The PCAOB released a new staff report designed to help audit firms remedy quality control issues cited in inspections. The report features advice for firms facing remediation following findings of ...

The PCAOB on Monday adopted a pair of foundational auditing standards with ties to AICPA standards. AS 1000, General Responsibilities of the Auditor in Conducting an Audit, aims to enhance and ...

The Public Company Accounting Oversight Board reported Tuesday that its inspectors are finding an "unacceptable" level of problems at auditing firms, with year-over-year increases once again during ...

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Audit regulators are teeing up discussions with investors to explore growing criticisms that the regulatory approach around internal controls is out of sync with risk. The Public Company Accounting ...

At the PLI Securities Regulation Institute last week, the accounting and auditing update panel provided some useful insights—especially for non-accountants. The panel covered the new requirements for ...

Forbes contributors publish independent expert analyses and insights. I am the Jenkins Professor of Accounting at NC State University. A recent study published in Contemporary Accounting Research ...

WASHINGTON, Dec 5 (Reuters) - U.S. audit watchdog Public Company Accounting Oversight Board said on Tuesday it will meet on Dec. 19 to consider proposing a revised auditing standard for internal ...