e-Book: Audit Committees: New Demands, Fresh Approaches
Several factors have combined to necessitate a serious rethink of the role of the audit committee, including its main responsibilities and reporting. Regulators, and to some extent investors, are pushing audit committees to provide more oversight on the risks companies face, including those outside the traditional financial reporting areas.
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Auditors are supposed to keep businesses honest, but how much regulation is the optimum for the auditors – and how onerous and punitive should the enforcement regime be? A new consultation by the U.K. regulator, the Financial Reporting Council, opened on Oct. 1 and has put the vexed question of ...
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ArticlePCAOB’s Christina Ho: How emerging technologies could improve audit quality
Emerging technologies, like artificial intelligence (AI) and advanced data analytics, can improve audit quality in significant ways. As the regulatory overseer of public-company audits, the Public Company Accounting Oversight Board (PCAOB) has a critical role to play by ensuring that its audit standards evolve as the audit profession evolves.