The Public Company Accounting Oversight Board has been making progress on reducing its backlog of remediation submissions dating back to 2010 from auditing firms that have been addressing the problems found by PCAOB inspectors, according to a new report.
The report, which the PCAOB submitted earlier this month to Securities and Exchange Commission chair Mary Jo White and posted Friday to its Web site, stems from a review by the PCAOB’s Office of Internal Oversight and Performance Assurance, or IOPA. The IOPA office carried out the review last year as the PCAOB found itself falling further and further behind in recent years on the growing number of submissions from firms responding to the PCAOB’s inspection reports.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access