PracticeAccounting FirmsBig Four want clearer US guidance

Big Four want clearer US guidance

Big Four firms operating in the US have called on the country's audit watchdog to provide clearer and more specific guidance on changes to existing standards.

Link: PCAOB demands accounting fees

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.

Related Articles

Sexual harassment – is accountancy next for #MeToo?

Accounting Firms Sexual harassment – is accountancy next for #MeToo?

3d Karen Baxter, Lewis Silkin
Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

4w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

2m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin