Audit standards

The Securities and Exchange Commission has approved rules from the Public Company Accounting Oversight Board to improve audit transparency by disclosing the names of audit engagement partners, along with information about other firms that participate in the audits.

Mandatory rotation of auditing firms could lead to more “opinion shopping” by companies looking for clean opinions on their internal controls, a new study suggests.

The Public Company Accounting Oversight Board released two preliminary reports Tuesday offering previews of its 2015 inspections of firms that audit publicly traded companies and broker-dealers.

The Public Company Accounting Oversight Board has voted to propose amending the auditing standards on an audit firm’s use of other audit firms and to propose a new auditing standard.

The Public Company Accounting Oversight Board is considering proposing new requirements for an auditor’s use of other auditors.

The Public Company Accounting Oversight Board is conducting a post-implementation review of its Engagement Quality Review standard and is looking for feedback on the effectiveness of the 2009 standard.

The American Institute of CPAs’ Auditing Standards Board has issued a new auditing interpretation on audit reports.

The American Institute of CPAs' Auditing Standards Board has completed its Clarity Project by issuing its final standard.

The Public Company Accounting Oversight Board released a report Tuesday indicating that the vast majority of audit firms were doing a good job of complying with a recent standard on communications with their client’s audit committees.

The International Auditing and Assurance Standards Board has released ISA 810 (Revised), Engagements to Report on Summary Financial Statements.