The rules were approved at yesterday’s Public Company Accounting Oversight Board meeting, which will now be sent to the Securities and Exchange Commission for endorsement.
Once confirmed, it will give the PCAOB extra-territorial powers over UK firms that work with US-listed companies.
A new system will be introduced where a sliding scale of reliance can be placed on a home country’s oversight procedures, depending on their robustness. Non-US firms have until 19 July to register with the board in order to continue auditing US clients.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day