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The new standard for audit confirmations would replace an interim standard that hasn't changed for two decades.
December 20 -
As PCAOB inspections in China move forward, U.S. auditors should use caution in engagements with Chinese-based companies.
December 12Lemme -
Auditing firms have been relying increasingly on outside specialists for audit engagements since the Public Company Accounting Oversight Board unveiled a new standard governing their use.
December 9 -
The average number of critical audit matters per audit report has declined over time, while the proportion of audit reports that communicate only a single CAM has increased.
December 7 -
The board levied sanctions and fines totaling $7.7 million against three of KPMG's member firms in the U.K., India and Colombia.
December 6 -
The Institute of Internal Auditors sent a letter to lawmakers urging them to set new requirements for crypto exchanges in the U.S.
December 5 -
Auditing firms can expect enhanced inspections, strengthened enforcement and higher penalties, says Public Company Accounting Oversight Board Chair Erica Williams.
November 30 -
The Public Company Accounting Oversight Board proposed significant changes in the requirements for firms' QC systems, modernizing standards in place for decades.
November 18 -
A recent study found that when municipal governments are assigned a random auditor, versus one they appoint themselves, financial performance improves.
November 14 -
Officials from the two boards discussed their work on upcoming auditing and accounting standards as they adjust to changing agendas and expectations.
November 8