Donald Nicolaisen, Securities & Exchange Commission chief accountant said during a PCAOB roundtable last week, that although the SEC will continue to provide companies and audit committees with guidance on auditor independence, he expects the PCAOB to expand its role and become the primary source of guidance.
The comments came during a PCAOB roundtable last week to reconsider whether firms should be able to offer tax services to their audit clients. Nicolaisen added that he expected that ‘a great number of the independent interpretative issues that currently are handled by my office appropriately will migrate to the PCAOB’.
UK senior partner Phil Verity has been elected for a second term at Mazars
An audit partner has been appointed at Grant Thornton in its North West offices
KPMG has been appointed with “immediate” effect as the auditor of Dorcaster
The audit for Ibstock will be taken over by Deloitte following a competitive tender process