A round-up of the key audit news in the last week, commencing from the 26th August 2019. Read More...
View articleFormer PCAOB employees allegedly leaked confidential data to KPMG to help it pass audit inspections Read More...
View articleThe 2013 inspection included reviews of portions of 50 audits performed by the Big Four firm and a review of its audit work. Read More...
View articleInspections by US's accountancy watchdog uncover failings in 38 audits carried out by PwC and KPMG Read More...
View articleAgreement allows for joint work on inspections and exchanges of otherwise confidential information Read More...
View articleFirms auditing brokers and dealers found wanting by PCAOB inspections Read More...
View articleAmerica's accountancy watchdog wants auditors to reveal more information about the listed companies they audit Read More...
View articleLack of information and difficulty in discerning the difference between audits risks market stagnation, warns James Doty Read More...
View articleUS Congress has urged the PCAOB to tone down its talk of mandatory rotation Read More...
View articleNearly ten years on since the introduction of Sarbanes Oxley accounting watchdog founding member retires Read More...
View articlePCAOB chairman says China must cooperate on trans-border audit oversight to keep markets happy Read More...
View articlePCAOB says mandatory firm rotation could ease pressure to maintain long-term client relationships, boosting independence Read More...
View articleThe PCAOB is launching a two-pronged examination of audit, examining independence and value for the investor Read More...
View articleUS accountancy watchdog makes it tough for non-US audit firms to work in the States Read More...
View articleUS audit watchdog remains intact after constitutional challenge Read More...
View articleVerdict handed down following challenge to constitutionality of audit regulator Read More...
View articleMark Olson, chairman of the US audit watchdog to step down, citing personal reasons Read More...
View articleBig Four firm hits back at audit watchdog's critical report Read More...
View articleUS financial reporting watchdog set to attract interest from UK CPAs Read More...
View articlePCAOB chief tells USA's CPAs to exert more 'professional skepticism' when auditing corporate financial statements Read More...
View articlePCAOB wins court case, but faces new challenge to its constitutional legitimacy Read More...
View articlePwC UK gets a clean bill of health for its audit work and audit quality from USA’s PCAOB Read More...
View articleThe switch to IFRS by 2014 could squander comparability among US financial statements and impede the ability of the regulators and auditors to do thei...
View articleKPMG failed to evaluate its clients' processes for developing estimates for loan losses, and did not perform sufficient tests of clients' valuation o...
View articlePCAOB highlights 'deficiencies' in US audits. Read More...
View article'The Firm's procedures were limited to inquiry of management and did not include obtaining corroboration of management's explanations' - PCAOB Read M...
View articleA lack of audit documentation and failure to perform sufficient tests of a company's allowances for accounts receivables, are among the criticisms by...
View articleThe PCAOB is to closely examine valuations during its scrutiny of the accounts audited by the firms for 2007 Read More...
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