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 ...

The Public Company Accounting Oversight Board apparently is taking seriously complaints that its inspection process is driving unnecessary audit work, and therefore a burden on companies answering ...

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 ...

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 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 ...

The Public Company Accounting Oversight Board is requiring audit firms to do more to ensure the quality of their work, a move aimed at improving the effectiveness of audits while updating decades-old ...

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 ...

The US accounting regulator is preparing to rewrite parts of a recently adopted rule on audit firms’ quality control systems after the measure drew criticism from across the profession, the Financial ...

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 ...

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 ...