Audit

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.