PCAOB Inspection Reports at 5: What Can We Learn
The compliance and audit community have pored over PCAOB inspection data on audit firms for five years now. What does the data tell us, really? This week Compliance Week begins a special series looking at the insights that the inspection process can give—starting with how much value the disclosure of ...
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Feel the Churn: Big 4 Get Squeezed on Audit Engagements
Image: The Big 4 audit firms have lost more audit clients this year than they have gained, and second-tier firms seem to be picking them up. That churn is probably due to a variety of factors, from cost to PCAOB inspection reports to ease of working relationship, but the overall ...
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PCAOB Inspection Data: Shifting Standards, Shifting Insights
Image: If you want to be panicky or cynical about audit firms’ performance, citing failure rates in PCAOB inspection reports is a great way to do it. The truth is more complex. In Part II of our series looking at PCAOB inspection data, we delve into how inspections have changed ...
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News BriefPCAOB chair Williams latest independent official pushed out by Trump
Continuing a Trump administration practice of firing independent regulators, the head of the Public Accounting Oversight Board has been sent packing.