In addition to evaluating the quality of the audit work performed on specific
audits, PVAOB’s inspection included a review of some of the firm’s practices,
policies and procedures in relation to audit quality.
The report concluded the inspection team did not identify anything it would
consider ‘a quality control defect that warrants discussion in a board
‘I am very pleased that no issues or criticisms are identified within the
report and that you recognise the commitment of our partners and staff to the
delivery of high quality audits which serve the public interest,’ Richard
Sexton, PwC head of assurance, said in a letter to the PCAOB.
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Long-serving PwC director Fiona Westwood has moved to Smith & Williamson and stepped up to partner