PCAOB

Auditing firms appear to be making headway on fixing some of the problems identified by the Public Company Accounting Oversight Board.

The Public Company Accounting Oversight Board will continue its inspection focus on public companies in the financial, real estate and information technology sectors.

The Public Company Accounting Oversight Board is also offering insights on improving audit committee communications and a video on the new confirmation standard.

The Public Company Accounting Oversight Board sanctioned Raines & Fischer and three of its partners for attempting to deceive inspection staff and other violations.

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The Public Company Accounting Oversight Board posted a disciplinary order sanctioning Weinstein International CPA and its sole partner for audit and quality control failures.

The Public Company Accounting Oversight Board introduced two pieces of guidance to help auditing firms apply its new quality control standard.

The American Institute of CPAs is still concerned about the Public Company Accounting Oversight Board's new firm and engagement metrics standard, despite some modifications from the original proposal.

The Public Company Accounting Oversight Board voted to adopt new requirements to report on various metrics for the firm and its engagements.

PricewaterhouseCoopers has been focusing on auditing under a new PwC US assurance leader, Deanna Byrne, who began the job in July.

Bush & Associates, Barton, Crowe Hussain Chaudhury, KPMG India and RSM Brazil settled sanctions for violating PCAOB reporting requirements.

Facing a backlash about its proposal to toughen standards for failing to detect noncompliance with laws and regulations, the board is putting off action on the standard.

The rule change addresses situations in which a firm has ceased to exist, is nonoperational or no longer wishes to remain registered.

Board members face the likelihood of a deregulatory emphasis under the incoming Trump administration and probable changes in board composition.

The Public Company Accounting Oversight Board issued a staff publication amid controversy over its proposed NOCLAR standard.

The Public Company Accounting Oversight Board sanctioned JTC Fair Song for repeatedly violating rules and failing to cooperate with investigators. 

Christina Ho said Sens. Elizabeth Warren and Sheldon Whitehouse are unfairly singling her out for audit failures at firms.

The Public Company Accounting Oversight Board staff updated its short- and mid-term standard-setting agenda as well as its rulemaking agenda.

The Public Company Accounting Oversight Board released guidance on the remediation process for auditing firms with deficiencies in quality control.

Traphagen CPAs raises over $1K for American Cancer Society; KPMG appoints four partners to deal advisory & strategy practice; and more news from across the profession.