In addition to its ongoing work on the implementation of Auditing Standard No. 2, the Public Company Accounting Oversight Board will focus on rules related to auditor independence and tax services and strengthening its enforcement staff during the second half of the year, according to its chairman.
PCAOB Chairman William McDonough said that the board will soon consider adopting rules on auditor independence and tax services, based on a proposal that the PCAOB issued for comment last December.
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