Audit

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.

The International Auditing and Assurance Standards Board plans to bolster the International Sustainability Standards Board’s proposed standards with its own.

The Big Four U.K. firm, one former partner and four former employees faced sanctions over auditing problems at two clients.

The AICPA and NASBA are laying the groundwork for a major overhaul, with some content moving to new sections.

The Institute of Internal Auditors unveiled new research during its annual international conference in Chicago this week pointing to changes in the internal audit profession worldwide.

The clock is ticking to avoid a 2024 deadline for kicking businesses off the NYSE and Nasdaq unless U.S. regulators get full access to inspect their audit work papers.

The push by the city-state’s firms to offer larger paychecks reflects the broader competition for skilled talent in the financial hub.

The Financial Reporting Council said that four of the eight audits reviewed at Mazars and five of 12 audits at BDO required more than limited improvements.

Audits of sportswear retailer failed to highlight possible related party, inventory and website sales risks.

Sue Coffey of the AICPA shares the latest trends and newest developments in this fast-changing corner of the profession, and looks ahead to what's next.

The board has given $19 million in awards since 2011.

While Charles Rettig is scheduled to testify to Congress’s main tax-writing committees, IRS officials offered potential justifications for the unusual audits.

U.S. and Chinese officials have been negotiating for more than two years to ensure staff from the PCAOB can access the audit papers of Chinese companies traded in the U.S. 

Progress hinges in part over the scope of redactions in audit work papers of Chinese companies.