PCAOB

PricewaterhouseCoopers released an update Tuesday to its annual audit quality report for the firm, pointing to improvements on inspection results from the Public Company Accounting Oversight Board.

The Public Company Accounting Oversight Board said Tuesday that board member J. Robert Brown will be leaving the PCAOB at the end of this month, the latest in a string of high-profile departures in recent years.

Over one-third of U.S. public company audits rely on at least one audit firm abroad, according to new research.

President Donald Trump on Friday signed legislation that could kick Chinese companies off of U.S. exchanges unless American regulators can review their financial audits, a move likely to further escalate tensions between the two countries.

The board's spending is expected to increase only slightly next year, thanks to the pandemic.

Hong Kong has received the first access to financial audits from mainland Chinese companies, an issue that has vexed relations between the U.S. and China and threatens to lead to the delisting in New York of giants such as Alibaba Group Holding Ltd.

The impact of the coronavirus will be a major focus in the coming year.

The former Maryland senator radically reshaped the world of auditing with the Sarbanes-Oxley Act of 2002.

Companies discussed taxes, followed by goodwill and/or intangibles, most frequently during their first year of disclosures of critical audit matters, according to a new report from the Center for Audit Quality.

The legislation is in reaction to U.S. regulators being unable to review the companies' financial audits.