PracticeAuditUS watchdog to discuss Sarbox measures

US watchdog to discuss Sarbox measures

PCAOB advisory group to meet in Washington next week

Audits of internal control over financial reporting as set out under
Sarbanes-Oxley, as well as other standards-setting topics, will be discussed by
the Public Company Accounting Oversight Board’s Standing Advisory Group in a
meeting to be held next week in Washington.

The group will discuss current PCAOB activities regarding implementation of
the internal control provisions of the Sarbanes-Oxley Act and the PCAOB’s
Auditing Standard No. 2, WebCPA reported.

There will also be a panel discussion about two aspects of internal control
auditing in which the PCAOB may consider refinements to its auditing standard:

· The role of company-level controls in audits of internal control over
financial reporting; and,

· The auditor’s involvement in management’s assessment of internal control.

The Standing Advisory Group, made of 31 people representing the auditing
profession, public companies, investors and others, meets approximately three
times a year.

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

3d Emma Smith, Managing Editor
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

6d Emma Smith, Managing Editor
Top 50+50: Firms post significant growth in new tax and audit rankings

Audit Top 50+50: Firms post significant growth in new tax and audit rankings

1w Emma Smith, Managing Editor
FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

Accounting Firms FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

1m Emma Smith, Managing Editor
PwC to audit BBC pay policies following gender pay gap outrage

Accounting Firms PwC to audit BBC pay policies following gender pay gap outrage

1m Alia Shoaib, Reporter
FRC closes investigation into PwC over Barclays compliance

Accounting Firms FRC closes investigation into PwC over Barclays compliance

2w Alia Shoaib, Reporter
KPMG rocked by South African corruption scandal

Audit KPMG rocked by South African corruption scandal

4w Alia Shoaib, Reporter
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

1m Emma Smith, Managing Editor