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PCAOB Experiments With Random Inspections, Data Analysis

Tammy Whitehouse | December 14, 2015

Regulators are beginning to experiment with a more randomized approach to audit inspections, exploring whether it might provide auditors with a greater incentive to do their best work, and they are considering providing data analysis of inspection results.

Doty-James-Updated2Jim Doty, chairman of the Public Company Accounting Oversight Board, said the board’s Center for Economic Analysis has opened a project to study inspection results statistically and consider whether the PCAOB should allocate some portion of its inspection resources to randomly selected audits. Currently, the board follows a well-refined ...

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