All Inspections articles – Page 3

  • Blog post

    SEC Approves PCAOB Budget, Wants Improvements


    Image: The SEC has approved a 2015 budget of $250.9 million for the PCAOB, 3 percent less than its 2014 budget but 8 percent more than the board actually spent in 2014. PCAOB Chairman James Doty said that the decrease “reflects an appropriate reassessment of assumptions relating to personnel and ...

  • Article

    SEC, FINRA Dropping Hints on Risk


    Compliance officers looking to read some tea leaves about what worries the Securities and Exchange Commission these days might want to skim the 2015 exam priorities that the SEC and FINRA have posted. That guidance applies foremost to financial firms, but “it’s only a matter of time before they require ...

  • Blog post

    PCAOB’s Chief Inspector Provides Checklist for Year-End Audits


    Dec. 16—The audit profession’s chief inspector has provided auditors with a year-end checklist, giving companies some fair warning about what they can expect auditors to be focused on in their upcoming audit cycles. The most common deficiencies found in 2014 inspections still relate to audits of internal control, said Helen ...

  • Blog post

    BDO USA, Crowe Horwath Get Varied PCAOB Inspection Results


    The Public Company Accounting Oversight Board published inspection findings for two major firms, giving them much different marks for their 2013 audit work. At BDO USA, inspectors found deficiencies in 15 of 23 audit files, a 55 percent increase in problems from 2012. At Crowe Horwath inspectors checked only 13 ...