PCAOB

They can now be kicked off U.S. exchanges after just two years, not three.

The $1.7 trillion bill contains Secure 2.0, and changes in the Holding Foreign Companies Accountable Act and conservation easement rules, but it's missing some much desired tax breaks.

The Securities and Exchange Commission voted to approve the Public Company Accounting Oversight Board's 2023 budget and annual accounting support fee ahead of the holidays.

Plus, the Institute of Internal Auditors expressed serious concerns about a recent board proposal on audit confirmations.

The new standard for audit confirmations would replace an interim standard that hasn't changed for two decades.

The board released its latest inspection reports on Deloitte & Touche, PricewaterhouseCoopers, KPMG and Ernst & Young, plus BDO USA and Grant Thornton.

The board voted yesterday that local authorities are not obstructing its ability to conduct inspections in the mainland and Hong Kong.

The board is stepping up its enforcement activities with a mostly new slate of board members.

As PCAOB inspections in China move forward, U.S. auditors should use caution in engagements with Chinese-based companies.

Auditing firms have been relying increasingly on outside specialists for audit engagements since the Public Company Accounting Oversight Board unveiled a new standard governing their use.