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PCAOB Finds No Big Improvement in 2014 Inspections

Tammy Whitehouse | December 8, 2014

The Public Company Accounting Oversight Board will soon give companies and auditors a sneak peek at 2014 inspection findings, and it won’t show wholesale improvement over disappointing results of prior years, said Chairman James Doty.

“We are goDoty-James-Updated2ing to be putting something out soon on what we are seeing in the field,” said Doty, speaking to members of the media at a national conference of the American Institute of Certified Public Accountants. In some cases, that will show improvements both in audit work generally and in internal control audits specifically, but not across the board, he said. “We can see some improvement, but some are not improving,” he said.

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