Audit

Five of China's largest state-owned companies announced plans to delist from U.S. exchanges as the two countries struggle to come to an agreement allowing American regulators to inspect audits of Chinese businesses.

Companies can get a "reasonable" level of assurance on their internal controls.

The U.K. telecom giant was hit by massive fraud at its Italian unit.

Erica Williams is throwing cold water on a workaround that’s been floated as a way to avoid delisting of Chinese companies from U.S. stock exchanges.

Some very important work is often given to an entry-level person instead of a much more experienced accountant.

A 61% majority of ESG assurance services were performed by accounting firms, but there was substantial variation among different countries.

The board's chair, Erica Williams, said the PCAOB is working on updated auditing standards and stricter enforcement and inspections.

Regulators from the two countries have been locked in negotiations over granting U.S. auditor watchdogs complete and open access to the audit work papers of about 200 Chinese companies.

The PCAOB is being urged to update older standards more quickly.