Audit standards

Denmark’s business watchdog said it has brought two auditors before a disciplinary board after concluding they violated regulations while reviewing Danske Bank A/S, the lender caught up in Europe’s biggest money laundering scandal.

A bill stuck in Congress might help improve audit oversight.

The Public Company Accounting Oversight Board released a video Monday discussing how to comment on its recent concept release on potentially revising quality control standards for audit firms.

The Big Four firm's Board Leadership Center predicts reinforcing audit quality and setting clear expectations for external auditors will be top of mind in the year ahead.

The International Ethics Standards Board for Accountants has released two exposure drafts for proposed ethical standards aimed at strengthening the non-assurance services and fee-related independence provisions of the International Code of Ethics for Professional Accountants.

The proposed changes could have the potential for expanding future enforcement proceedings.

The International Ethics Standards Board for Accountants has released a set of revisions to the International Code of Ethics for Professional Accountants, making some changes in the independence standards for assurance engagements, other than audit and review engagements.

The Securities and Exchange Commission is proposing a set of amendments to the auditor independence rules that have been in place since the early 2000s, allowing firms more leeway in determining conflicts of interest and shortening the lookback period for clients planning to go public.

The International Accounting and Assurance Standards Board has released a revised standard for identifying and assessing the risks of material misstatements.

The Public Company Accounting Oversight Board has released a document providing information from its conversations with nearly 400 chairs of audit committees.

The Public Company Accounting Oversight Board has issued a concept release proposing a new approach to changing its quality control standards, the biggest change since 2003.

Technology is ready to disrupt this core service of the profession, and that's going to require a serious response from auditors, according to Alan Anderson of Accountability Plus.

The Public Company Accounting Oversight Board is planning to issue a concept release on revisions in quality control standards while making extensive changes in its inspections and audit reports.

Chairman William Duhnke said the board is also doing more outreach to audit committees.

The American Institute of CPAs’ Auditing Standards Board proposed a strategic plan that will guide the ASB’s work over the next three years.

The Institute of Internal Auditors intends to overhaul its ​Certification in Risk Management Assurance and Internal Audit Practitioner programs next year to meet evolving demands and stay ahead of various risks.

The Public Company Accounting Oversight Board could be making more changes ahead as the audit firm regulator deals with a tumultuous series of transformations in the past two years.

Audit is changing. Technology is the primary driver of what has become a movement to change not just the tools but also the entire process and methodology of audit in the accounting profession.

The International Federation of Accountants issued a report indicating strong support for international accounting and auditing standards, particularly in areas where IFAC member organizations are involved in the process from beginning to end.

A rule requiring audit firms to disclose the names of engagement partners who participated in an audit may not be having much of an impact on audit quality.