The oversight board issues proposals on auditing fair-value estimates and the use of specialists.
A PCAOB recommendation would require auditors to report on issues that kept them up at night.
Among other things, the new approach will limit the ability of firms to predict which of their audits the PCAOB may select to inspect.
Disclosing supplemental information like key operating metrics and forecasts requires controls and procedures, says the SEC's Wesley Bricker.
The more a Big Four firm pays its auditors, the fewer restatements its clients have, finds a new study.
Auditors who trust their clients can feel freer to be more skeptical of their financial reporting.
Blockchain has the potential to transform our world, and for CFOs it has the potential to revolutionize the way the finance function works.
An employee at the accounting oversight board leaked news of upcoming inspections to a former PCAOB employee who'd moved to the audit firm.
The company's auditor refuses to certify its Q3 results in “a highly unusual signal of doubt about [its] ability to recover its financial health."
Among other worrisome findings, 23% of non-listed ECGs disclosed that they were shell companies.