Efforts in quality control, stricter accountability and use of technology have reduced the incidence of Part I.A audit ...

The Public Company Accounting Oversight Board has proposed a set of significant changes in the requirements for auditing firms' quality control systems, in a major update from the earlier standards in ...

The Public Company Accounting Oversight Board (PCAOB) has adopted a new standard designed to lead registered public accounting firms to significantly improve their quality control (QC) systems. The ...

Yesterday, the SEC approved, by a vote of three to two, a new PCAOB quality control standard, QC 1000, A Firm’s System of Quality Control, and related amendments to its standards, rules and forms.

The PCAOB on Monday adopted a pair of foundational auditing standards with ties to AICPA standards. AS 1000, General Responsibilities of the Auditor in Conducting an Audit, aims to enhance and ...

The new process for audit firms "aims to enhance the consistent interpretation and high-quality implementation of PCAOB standards and promote timely resolution of interpretive questions," the audit ...

Audit firms are encouraged to review the supplement and other resources providing transparency around remediation. The Public Company Accounting Oversight Board (PCAOB) on Oct. 31 published a ...

The Public Company Accounting Oversight Board apparently is taking seriously complaints that its inspection process is driving unnecessary audit work, and therefore a burden on companies answering ...

The PCAOB on Wednesday adopted previously proposed amendments to QC 1000, A Firm’s System of Quality Control, setting the stage for the board that oversees audits of public companies to consider a ...

The Public Company Accounting Oversight Board released inspection reports for all 2023 annually inspected firms Thursday, including the six U.S. global network firms. The report found some ...

Auditors are making too many mistakes in their audit of internal control over financial reporting, prompting a new warning from the Public Company Accounting Oversight Board to pay closer attention to ...

The Public Company Accounting Oversight Board (PCAOB) expanded its enforcement activity to the highest level since 2017, according to a new report released today by Cornerstone Research. Monetary ...