In November, the Public Company Accounting Oversight Board recommended amendments to existing standards on auditing, attestation, quality control, ethics and independence of auditors, replacing standards originally put out by the American Institute of Chartered Professional Accountant’s auditing standards board.
But PricewaterhouseCoopers called on the PCAOB to put a process in place to ensure changes were clearly identified, while Ernst & Young urged the watchdog to provide ‘specific wording of all affected standards’.
Deloitte stressed that ‘providing clear standards and guidance to auditors is essential in order to ensure audits are performed appropriately,’ WebCPA reported.
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
Colin responds to the call for 'Darwinism' in accountancy
A new partner, Dermot Callinan, has joined Saffery Champness from KPMG where he was recently the head of the UK private client advisory team