Audit standards

The International Auditing and Assurance Standards Board has issued a trio of proposed standards to improve the quality of audits, reviews and related assurance service engagements at firms.

GT's new group arrives only a week after Ernst & Young made a similar move.

The Public Company Accounting Oversight Board's 2017 report on the Big Four firm shows a number of continuing deficiencies.

EY will get advice from luminaries from the Public Company Accounting Oversight Board, the Financial Accounting Foundation and Vanguard.

The American Institute of CPAs’ Auditing Standards Board voted to issue a final version of its Statement on Auditing Standards, Omnibus Statement on Auditing Standards—2019, to align its guidance more closely with that of the Public Company Accounting Oversight Board.

Section 404(b) of the Sarbanes-Oxley Act of 2002, which requires public companies to undergo annual audits of the adequacy of their internal controls over financial reporting, appears to be supported by investors who want newly acquired companies to be audited as well, according to a new study.

The client collapsed after it was discovered to have $100 million in unpaid payroll tax liabilities.

The updates will be effective for audits of financial statements for fiscal years ending on or after Dec. 15, 2020.

The International Auditing and Assurance Standards Board has called for qualified, senior applicants from around the world to apply by Jan. 31, 2019.

The Public Company Accounting Oversight Board has been pilot testing its upcoming requirements for auditors.