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PCAOB Critic Picked for SEC Chair, Raising Potential for a Smaller Audit Watchdog
Atkins, while an SEC commissioner, criticized the PCAOB’s budget, saying salaries paid to board members were disproportionately high. In speeches, he spoke out against rules that limited audit ...
US PCAOB withdraws two proposed disclosure rules
The rules, which faced opposition from the accounting profession, were aimed at firm reporting and engagement metrics.
Accounting Today11d
AICPA prepares for the possible end of the PCAOB
The AICPA & CIMA's new president and CEO, Mark Koziel, told a group of accountants that the association is preparing for the ...
Accounting Today3d
The regulatory forecast: Less, and lighter
Under the new administration, accountants can expect a lighter hand from the Public Company Accounting Oversight Board and ...
Wall Street Journal23d
Two Boards Oversee Public Companies’ Accounting. Why Is One’s Independence More at Risk?
Company executives know they have to follow U.S. accounting rules set by one board while their auditors ... But because of the way each is set up, the PCAOB is much more exposed to an overhaul ...
JournalofAccountancy9d
PCAOB withdraws proposed rules requiring extensive firm and engagement metrics
The AICPA had urged the SEC to refrain from approving the rules, warning they would “pose significant challenges” to small and midsize firms. An AICPA statement said that the “PCAOB’s decision not to ...
Compliance Week7d
Former Deloitte partner dinged by PCAOB for failures in Bancolombia audit
A former Deloitte partner will pay $75,000 and be barred from working as a public company registered accountant for two years by the Public Company Accounting Oversight Board after violating audit ...
canadian-accountant11d
In detailed report, PCAOB finds deficiencies in half of KPMG Canada audits inspected
Under the Sarbanes-Oxley Act, registered firms outside the US are subject to PCAOB inspections in the same manner as US firms ...