Tags » PCAOB

Financial Misreporting: Hiding in the Shadows or in Plain Sight?

It’s widely assumed that executives are less likely to inflate earnings at  high profile companies under a good deal of regulatory oversight. And yet it’s also widely known that managers in high profile companies have an incentive to overstate their company’s performance because of pressure from investors to meet or beat Wall Street estimates every quarter. 617 more words

Securities Regulation

The Mass Exodus

Two days ago, the Director of Enforcement and Investigations, Claudius Modesti, joined the exodus of high level positions who are leaving the PCAOB for greener pastures. 510 more words


Chairman William D. Duhnke Speaks on PCAOB Transitions for the Future

On May 17, 2018, new PCAOB chairman Duhnke gave a speech during Deloitte’s 2018 Auditing Symposium at the University of Kansas, mentioning the influx of new blood on the board and outlining the board’s strategic plans for the next five years. 1,182 more words


PCAOB Issues 9 New Inspection Reports and 1 Expanded Report

On April 24, 2018, the PCAOB issued 9 new inspection reports dated February 28, 2018, for the following firms:

  1. BBD, LLP
  2. Farber Hass Hurley LLP…
  3. 618 more words

How Economic Conditions Affect Auditors’ Judgment

Auditor judgment and technical competence are central to audits, and a lack of those qualities has led to many audit deficiencies, according to the Public Company Accounting Oversight Board (PCAOB), the UK’s Financial Reporting Council (FRC), and other regulators around the world. 1,177 more words

Finance & Economics

Paul Weiss Discusses Roadmap of Non-GAAP Financial Measures for Audit Committees

On March 16, 2018, the Center for Audit Quality (the “CAQ”) published Non-GAAP Financial Measures: A Roadmap for Audit Committees[1] (the “Roadmap”) to provide guidance to audit committees on advancing their oversight and involvement with non-GAAP financial measures. 1,254 more words

Securities Regulation

PCAOB Looks at Problem Child Independence

PCAOB is taking another look at auditors’ ability to maintain independence from their clients and pondering if new guidance is necessary.

According to Tammy Whitehouse… 137 more words