Enhancements in audit quality and audit firms’ quality-control procedures have the PCAOB considering changes in the focus of its inspection program. Potential changes that the PCAOB is exploring for ...
The Public Company Accounting Oversight Board has issued a release to provide information to audit committees about its inspection process and how they might use the inspection reports to question ...
A watchdog agency for the accounting industry says it’s found numerous flaws in how some firms audited securities brokerages. The five-month inspection by the Public Company Accounting Oversight Board ...
The Public Company Accounting Oversight Board has reached an agreement with Norway’s Financial Services Authority that will allow the regulators to conduct joint inspections of PCAOB-registered audit ...
Reoccurring PCAOB findings with an increasing deficiency rate, in 2020, 2021, and 2022, included revenue, business combinations, and inventory. 2 Critical audit matters (CAMs) and audit committee ...
Q: We are revising our audits and inspections programs and wanted some advice on best practices. How can we limit the number of on-site audits or inspections? A: Companies need to find the right ...
— -- The Food and Drug Administration is failing to meet its goals for auditing food-safety inspections that states do on its behalf, FDA data show. The FDA fell short of its goal in at least 17 ...
On March 14, 2019, the Public Company Accounting Oversight Board issued its 2019 Staff Inspections Outlook for Audit Committees (the “Committee Outlook”), which offers a concise outline of what audit ...