Audit standards

PCAOB aligns auditor independence rules with SEC

The board has been making changes to its strategic plans and agenda in response to the pandemic as it sees auditors doing more work remotely.

Investor awareness of critical audit matters is “still developing,” though, according to the PCAOB's interim analysis.

J. Robert Brown criticized recent moves by the Public Company Accounting Oversight Board to strip down its research and standard-setting agendas without proper consultation.

Companies are continuing to increase the level of audit committee disclosures in their proxy statements, according to a new report from the Center for Audit Quality and Audit Analytics.

The Institute of Internal Auditors has introduced a new framework for the professional development of internal auditors.

A pair of academic studies casts doubt on the value of mandatory rotation of auditing firms and lead engagement partners.

The American Institute of CPAs’ Auditing Standards Board issued an attestation standard for when auditors perform examination engagements with clients.

The Public Company Accounting Oversight Board imposed a $250,000 penalty on Marcum LLP and its Marcum Bernstein Pinchuk unit over audits of Chinese companies.

KPMG is already starting to use the new standards to improve audit quality globally.