Audit news round-up - Deloitte top of the world, PCAOB finds audits lacking
Audit

Audit news round-up - Deloitte top of the world, PCAOB finds audits lacking

5y Chris Jewers

Audit news round-up - Deloitte top of the world, P...

A round-up of the key audit news in the last week, commencing from the 26th August 2019. Read More...

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Former KPMG partners charged over PCAOB data leaks
Audit

Former KPMG partners charged over PCAOB data leaks

6y Accountancy Age

Former KPMG partners charged over PCAOB data leaks

Former PCAOB employees allegedly leaked confidential data to KPMG to help it pass audit inspections Read More...

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PCAOB inspection finds deficiencies in a number of KPMG US audits
Accounting Firms

PCAOB inspection finds deficiencies in a number of KPMG US audits

10y Chris Warmoll , Writer

PCAOB inspection finds deficiencies in a number of...

The 2013 inspection included reviews of portions of 50 audits performed by the Big Four firm and a review of its audit work. Read More...

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PCAOB uncovers audit failings at KPMG and PwC
Accounting Firms

PCAOB uncovers audit failings at KPMG and PwC

11y Richard Crump , Writer

PCAOB uncovers audit failings at KPMG and PwC

Inspections by US's accountancy watchdog uncover failings in 38 audits carried out by PwC and KPMG Read More...

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FRC and PCAOB agree to joint audit supervision
Audit

FRC and PCAOB agree to joint audit supervision

11y Richard Crump , Writer

FRC and PCAOB agree to joint audit supervision

Agreement allows for joint work on inspections and exchanges of otherwise confidential information Read More...

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PCAOB highlights worrying number of “deficient” audits
Audit

PCAOB highlights worrying number of “deficient” audits

11y Richard Crump , Writer

PCAOB highlights worrying number of “deficient” au...

Firms auditing brokers and dealers found wanting by PCAOB inspections Read More...

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PCAOB proposes biggest shake-up to US audit reports since 1940s
Audit

PCAOB proposes biggest shake-up to US audit reports since 1940s

11y Richard Crump , Writer

PCAOB proposes biggest shake-up to US audit report...

America's accountancy watchdog wants auditors to reveal more information about the listed companies they audit Read More...

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Audit market “flirting with stagnation”, says PCAOB chair
Audit

Audit market “flirting with stagnation”, says PCAOB chair

11y Richard Crump , Writer

Audit market “flirting with stagnation”, says PCAO...

Lack of information and difficulty in discerning the difference between audits risks market stagnation, warns James Doty Read More...

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PCAOB clashes with lawmakers over auditor rotation
Audit

PCAOB clashes with lawmakers over auditor rotation

12y Richard Crump , Writer

PCAOB clashes with lawmakers over auditor rotation

US Congress has urged the PCAOB to tone down its talk of mandatory rotation Read More...

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PCAOB founding member retires
Accounting Standards

PCAOB founding member retires

12y Rachael Singh

PCAOB founding member retires

Nearly ten years on since the introduction of Sarbanes Oxley accounting watchdog founding member retires Read More...

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PCAOB: Chinese regulators can no longer shut the door
Audit

PCAOB: Chinese regulators can no longer shut the door

13y Rose Orlik

PCAOB: Chinese regulators can no longer shut the d...

PCAOB chairman says China must cooperate on trans-border audit oversight to keep markets happy Read More...

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PCAOB: Rotation could free auditor from pressure
Audit

PCAOB: Rotation could free auditor from pressure

13y Rose Orlik

PCAOB: Rotation could free auditor from pressure

PCAOB says mandatory firm rotation could ease pressure to maintain long-term client relationships, boosting independence Read More...

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PCAOB considers mandatory rotation and audit reports
Audit

PCAOB considers mandatory rotation and audit reports

13y Rose Orlik

PCAOB considers mandatory rotation and audit repor...

The PCAOB is launching a two-pronged examination of audit, examining independence and value for the investor Read More...

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Video: PCAOB clamps down on non-US auditors
Audit

Video: PCAOB clamps down on non-US auditors

14y Accountancy Age

Video: PCAOB clamps down on non-US auditors

US accountancy watchdog makes it tough for non-US audit firms to work in the States Read More...

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PCAOB survives US Supreme Court decision
Audit

PCAOB survives US Supreme Court decision

14y Mario Christodoulou

PCAOB survives US Supreme Court decision

US audit watchdog remains intact after constitutional challenge Read More...

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PCAOB fate decided by supreme court
Audit

PCAOB fate decided by supreme court

14y Accountancy Age

PCAOB fate decided by supreme court

Verdict handed down following challenge to constitutionality of audit regulator Read More...

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PCAOB chairman resigns
Audit

PCAOB chairman resigns

15y Accountancy Age

PCAOB chairman resigns

Mark Olson, chairman of the US audit watchdog to step down, citing personal reasons Read More...

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Deloitte to PCAOB: Don't Second-Guess us
Audit

Deloitte to PCAOB: Don't Second-Guess us

15y Accountancy Age

Deloitte to PCAOB: Don't Second-Guess us

Big Four firm hits back at audit watchdog's critical report Read More...

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PCAOB searching UK for new recruits
Accounting Standards

PCAOB searching UK for new recruits

15y Judith Tydd

PCAOB searching UK for new recruits

US financial reporting watchdog set to attract interest from UK CPAs Read More...

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PCAOB chief urges more 'professional skepticism'
Accounting Standards

PCAOB chief urges more 'professional skepticism'

16y AccountancyAge.com

PCAOB chief urges more 'professional skepticism'

PCAOB chief tells USA's CPAs to exert more 'professional skepticism' when auditing corporate financial statements Read More...

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PCAOB faces Supreme Court challenge
Audit

PCAOB faces Supreme Court challenge

16y AccountancyAge.com

PCAOB faces Supreme Court challenge

PCAOB wins court case, but faces new challenge to its constitutional legitimacy Read More...

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PwC UK gets clean bill of health from PCAOB
Accounting Standards

PwC UK gets clean bill of health from PCAOB

16y AccountancyAge.com

PwC UK gets clean bill of health from PCAOB

PwC UK gets a clean bill of health for its audit work and audit quality from USA’s PCAOB Read More...

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PCAOB member slams stateside IFRS plans
Accounting Standards

PCAOB member slams stateside IFRS plans

16y Penny Sukhraj

PCAOB member slams stateside IFRS plans

The switch to IFRS by 2014 could squander comparability among US financial statements and impede the ability of the regulators and auditors to do thei...

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PCAOB finds valuation weaknesses in KPMG audits
Audit

PCAOB finds valuation weaknesses in KPMG audits

16y Penny Sukhraj

PCAOB finds valuation weaknesses in KPMG audits

KPMG failed to evaluate its clients' processes for developing estimates for loan losses, and did not perform sufficient tests of clients' valuation o...

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PCAOB hands PwC 10th birthday present
Audit

PCAOB hands PwC 10th birthday present

16y Alex Hawkes

PCAOB hands PwC 10th birthday present

PCAOB highlights 'deficiencies' in US audits. Read More...

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BDO Seidman audits criticised by PCAOB
Audit

BDO Seidman audits criticised by PCAOB

16y Penny Sukhraj

BDO Seidman audits criticised by PCAOB

'The Firm's procedures were limited to inquiry of management and did not include obtaining corroboration of management's explanations' - PCAOB Read M...

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PCAOB slams E&Y audits
Audit

PCAOB slams E&Y audits

16y Penny Sukhraj

PCAOB slams E&Y audits

A lack of audit documentation and failure to perform sufficient tests of a company's allowances for accounts receivables, are among the criticisms by...

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PCAOB to carefully scrutinise securities valuations in accounts
Audit

PCAOB to carefully scrutinise securities valuations in accounts

16y Penny Sukhraj

PCAOB to carefully scrutinise securities valuation...

The PCAOB is to closely examine valuations during its scrutiny of the accounts audited by the firms for 2007 Read More...

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