Tags » PCAOB

Release 2013-005 Impact on Auditors

As mentioned previously, the Public Company Accounting Oversight Board, PCAOB, issued Release 2013-005. This release proposed two new auditing standards in order to improve the auditor’s reporting model and increase auditor’s responsibilities which is discussed more into detail in the… 656 more words

Changes to the Auditor's Reporting Model

In the past couple of years, the Public Company Accounting Oversight Board, PCAOB, has proposed several changes to auditing practices. On August 13, 2013, PCAOB issued Release 2013-005 which proposed two new auditing standards regarding to auditor’s reporting model and responsibilities  (Zietsman, Burns, Pruitt, & Simer, 2013).   633 more words

Setting the 2015 Audit Committee Agenda

What is top of mind for senior executives and directors this year? Regulatory changes and heightened regulatory scrutiny, succession challenges, economic conditions and cyber threats – this according to the latest Protiviti and North Carolina State University ERM Initiative’s survey, … 462 more words

Internal Audit

PCAOB Increases Auditors' Work

Have you been told your audit fee is going to increase because the audit team has to do more work due to PCAOB inspection findings or audit alerts? 322 more words

Industry Issues

Four questions audit committees should ask their audit firms

by Cydney Posner

Audit Committee members may be interested in this release issued by the PCAOB in August 2012 designed “to assist audit committees in (1) understanding the PCAOB’s inspections of their audit firms and (2) gathering useful information from their audit firms about those inspections.” The PCAOB regularly performs inspections of registered audit firms, large and small, as well as a selection of the audits they have conducted.  604 more words

Corporate Governance

SEC to issue concept release regarding audit committees

by Cydney Posner

Compliance Week reports  that SEC Chair Mary Jo White, speaking before the Investor Advisory Group of the PCAOB, said that the SEC plans to Issue a concept release in early 2015 “exploring possible avenues for elevating the work of public company audit committees.” The release is expected to address many of the issues that the PCAOB is examining, particularly those relating to the relationship between the audit committee and the independent auditors. 223 more words

Corporate Governance

A Final Look at Sarbanes-Oxley

Has Sarbanes-Oxley been a positive or negative regulation for our businesses? While the debate isn’t ending anytime soon, the impacts that SOX has made can be seen in innumerable situations.   393 more words