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Auditing firms appear to be making headway on fixing some of the problems identified by the Public Company Accounting Oversight Board.
December 11 -
Knowing how to distinguish between what is required by standards and what is opinion is crucial for auditors to confidently navigate these reviews and inspections.
December 9Autire Technologies -
The Public Company Accounting Oversight Board is also offering insights on improving audit committee communications and a video on the new confirmation standard.
December 5 -
The Public Company Accounting Oversight Board introduced two pieces of guidance to help auditing firms apply its new quality control standard.
November 26 -
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.
November 22 -
The Public Company Accounting Oversight Board voted to adopt new requirements to report on various metrics for the firm and its engagements.
November 21 -
The U.S. Defense Department failed for the seventh straight year to score a clean financial audit, highlighting the challenge of tracking the finances of a sprawling organization that has some $3.8 trillion in assets and $4 trillion in liabilities.
November 20 -
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.
November 15 -
The rule change addresses situations in which a firm has ceased to exist, is nonoperational or no longer wishes to remain registered.
November 14 -
Board members face the likelihood of a deregulatory emphasis under the incoming Trump administration and probable changes in board composition.
November 13