All Engagement Partner articles
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Blog
Report calls out gender disparity among engagement partners
As audit firms disclose who performs public company audits, gender diversity is emerging as the first major concern regarding audit engagement leadership.
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Blog
PCAOB issues more guidance on new audit disclosures
The PCAOB has issued more guidance to auditors about how they should comply with requirements to add new information to audit reports.
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Investors show strong response to partner IDs
Investors react when they know the name of an engagement partner on an audit, research suggests, but the reaction may be stronger than expected.
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New study says long audit tenure slows corrections
Recently published academic research suggests there is indeed a detriment to audit quality when audit firms hold long tenures on audit engagements.
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Do partners suffer bad inspection results? Not really, study says
New academic research suggests audit firms may be shielding low-performing partners from client scrutiny by remaining coy about PCAOB inspection results.
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New transparency rolls out in Form AP audit filings
Here’s a call to attention for audit committees. Audit regulators are rolling out a powerful new gift that will help you assess the quality of your external audit.
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CAQ offers blueprint for asking auditors about Form AP filings
Audit committees now have some talking points on how to engage auditors and management on the audit profession's new Form AP filing requirement.
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First engagement partner names emerging via new PCAOB rule
The earliest Form AP filings by audit firms are providing a first glimpse into who is overseeing and signing off on audit reports for public companies. Tammy Whitehouse has more.
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AICPA objects to naming partners on benefit plan audits
The accounting profession is objecting to proposed changes to employee benefit plan reporting, especially requiring the name of the engagement partner on plan audits. More from Tammy Whitehouse.
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AICPA objects to Labor Dept. proposal on benefit plan reporting
The accounting profession is objecting to proposed changes to employee benefit plan reporting, especially requiring plan sponsors to name the engagement partner on plan audits. Tammy Whitehouse has more.
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Blog
SEC approves PCAOB rule on naming engagement partners
The SEC has given final approval to a PCAOB rule requiring audit firms to complete a new filing on Form AP to provide the name of the engagement partner on each audit engagement. Meanwhile, Tammy Whitehouse reports, the PCAOB is attempting once again to expand the audit report.
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SEC seeks comment on rule requiring naming engagement partners
The SEC is gathering comment on recent PCAOB rules that require audit firms to complete a new filing providing the name of engagement partners on public company audit engagements. PCAOB rules are subject to SEC approval before they can become final, which is why the Commission wants to hear remarks ...
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Blog
Doty Projects Year-End Completion of Engagement Partner ID
Image: More than a decade after regulators began mulling how to give some transparency to investors around who actually performs public company audits, PCAOB Chairman James Doty said he is hopeful that the board is on track to “get this done by the end of the year.” Doty recently said ...
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Article
PCAOB, SEC Redouble Efforts on Audit Quality
Image: The SEC and PCAOB are pushing this summer to clarify and improve “audit quality.” That might be a proposal to name the engagement partner working on corporate audits (PCAOB idea), or an exploration of new disclosure requirements for audit committees (SEC idea), or both. “I would urge commenters to ...
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Blog
PCAOB Revisits Naming Engagement Partner, Audit Quality Metrics
Audit regulators are trying again to propose a rule that would give investors more information about who is working behind the curtain when an audit firm files its final report on a company’s financial statements.
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Blog
SEC Might Explore Auditor Tenure for Audit Committee Disclosure
Image: When the SEC issues its audit committee discussion paper, it likely will explore more on the audit firm’s tenure and naming engagement partners. As the PCAOB has tried to get consensus on these themes, the board has heard pushback that the disclosure is better placed in audit committee reports, ...
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Blog
Study Says Investors Need to Know About Audit Offshoring
Apparently doubting the quality of the audit, investors punish companies when they first learn that others from outside the principal audit firm had a hand in assuring the company’s financial statements.