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PCAOB plans new focus on quality control in inspections

Tammy Whitehouse | December 7, 2018

Audit regulators plan to take a much closer look at how firms manage audit quality in 2019, retooling their inspections process to focus on quality control systems.

The Public Company Accounting Oversight Board is emerging from a year of self-examination under an all-new board with plans to alter the existing approach to auditing public companies, including how audit inspections are conducted. “Beginning with the 2019 inspection cycle, we will increase our focus on firms’ quality control systems,” said board member Kathleen Hamm in a...

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