PCAOB Lays Bare Its 2015 Inspection Strategy
Image: The PCAOB has published a staff inspection brief mandating that inspectors scrutinize the audit of internal control over financial reporting, the auditor assessment of (and response to) risks of material misstatements, and the audit of accounting estimates. “We hope that audit firms and other stakeholders find this information about ...
Related articles
-
Article
Year-End Audits: Start Prepping for the Pain
As public companies and their external auditors gear up for the year-end audit cycle, it will likely include some familiar, yet still uncomfortable, conversations. Be ready for close looks at internal control over financial reporting, accounting estimates, and related-party transactions. “You can rest assured auditors are going to be really ...
-
ArticlePCAOB faces uncertain future as SEC Chair solicits new candidates
SEC Chair Paul Atkins is soliciting candidates for all five seats on the Public Company Accounting Oversight Board, he announced Wednesday.
-
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.