The PCAOB on Tuesday adopted amendments to its auditing standards to strengthen requirements that apply to audits involving multiple firms. The amendments are designed to improve the quality of audits ...

IN BRIEF In the course of fulfilling its mandate to protect investors, the PCAOB has conducted inspections of public firm ...

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 ...

“[t]he staff have cleverly developed a mix of both principles and rules to address audit deficiencies and weaknesses that have been observed. The amended standard amplifies the lead auditor’s ...

For example, PCAOB auditing standards require the completion of a formal document-"Engagement Completion Document"-that acts as a road map to the audit and requires discussion of facts, evidence, and ...

In early June, the Public Company Accounting Oversight Board (“PCAOB” or “the Board”) proposed comprehensive amendments that impact how auditors consider noncompliance with laws and regulations, ...

The PCAOB recently withdrew a rule aimed at adding a swath of reporting requirements on Form AP, but it still has concerns about deficiencies related to the form’s existing requirements. A new staff ...

WASHINGTON —The Securities and Exchange Commission Tuesday approved a pair of updates forwarded by the Public Company Accounting Oversight Board aimed at strengthening the general responsibilities of ...

Burn, baby, burn. That's a beautiful thing.” These words came from an Enron energy trader, caught on tape during the ...