The Public Accountancy Oversight Board announced that they wish to hold an Open Meeting for Tuesday, April 12, ar 10 a.m., to consider proposing new requirements that would apply to audits that involve accounting firms or accountants outside the firm issuing the audit report. In many audits, important audit work is performed by accounting firms… Read More

PCAOB requests comment on engagement quality review standard under new post-implementation review program. The Public Accounting Oversight Board released a request for public comment from the PCAOB Center for Economic Analysis that will inform the post-implementation review of the overall effect of previously adopted PCAOB rules and standards. The goal of the programs is to… Read More

The Public Company Accounting Oversight Board released a report on Tuesday, April 5, 2016 on Inspection Observations Related to PCAOB Rules and Auditing Standards on Communication with Audit Committees, describing that in 93% of the audits inspected in 2015 for which the standards applied, no failures to comply with the requirements were identified. Preliminary results… Read More