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by Donald Ressiguie * The auditing and attestation standards under GAAS and PCAOB standards govern the conduct of specific audits and the methods and manner of their performance. In addition, standards of quality control apply to both specific engagements...

The topic of audit industry reform is hot again. OK, that's relative to where you stand on what's hot. But in the world of legal and regulatory compliance and auditors the only thing hotter would be a significant development in the New York...

The PCAOB, the audit industry regulator, shamed global audit firm Deloitte recently when they exposed the private portion of the inspection report of the firm's 2006 audits. It was the first time that had happened to one the Big Four audit firms...

Auditor independence is a key provision in the Sarbanes Oxley Act of 2002. In the wake of the Enron, Worldcom and other scandals the Act focused in part on auditor independence and audit quality, creating the Public Company Accounting Oversight Board...

On June 21, 2011, the Public Company Accounting Oversight Board (PCAOB) issued a concept release seeking input on possible changes to auditors' reports. These changes, if adopted, have the potential to increase both the cost of required audit services...

Last week I posted a column at Forbes: Already Behind The Eight-Ball: Auditors of Broker-Dealers Are A Disaster The Public Company Accounting Oversight Board, the US audit industry regulator, issued its first report on the auditors of broker-dealers...

The Public Company Accounting Oversight Board's recently issued twenty-two page Staff Audit Practice Alert No. 8 for audits of companies with operations in emerging markets offers a good summary of the standards that require auditors to test for...

The Sarbanes Oxley Act was enacted nearly twelve years ago in the midst of profusion of corporate scandals. Despite the passage of time, the Act has remained controversial. In order to evaluate the Act’s impact, Harvard Law Professor John C. Coates...

The Reverse Merger Wire reports that Public Company Accounting Oversight Board (PCAOB) Chair James Doty is growing a little impatient with Chinese securities regulators over the issue of inspections of Chinese accounting firms that are auditing US...

On December 4 the PCAOB re-proposed a rule to require public companies to disclose the engagement partner’s name for the most recent period’s audit and the names, locations, and extent of participation of other public accounting firms that...

U.S. and Chinese regulators recently met in Beijing to discuss audit oversight cooperation. Those meetings are of particular interest in view of the questions which have been raised in recent months regarding the financial statements of Chinese issuers...

If you follow news affecting auditors, you may have noticed that the PCAOB made a very rare disclosure yesterday about one of the big four firms, Deloitte. The PCAOB said that Deloitte was previously sanctioned for not being skeptical enough to challenge...

We waited eight hundred and eighteen (818) days to see Price Waterhouse India held accountable for audit failure at Satyam Computer Services, the NYSE-listed Indian IT services provider. On April 5, 2011, the Securities and Exchang e Commission (SEC...

On August 19, 2013, the Public Company Accounting Oversight Board, the audit industry regulator, released its second report on its interim inspection program for auditors of brokers-dealers registered with the Securities and Exchange Commission. The...

E&Y was censured and fined a record $2 million by the PCAOB in connection with repeated violations of professional standards. It was imposed in a proceeding that was filed in March 2011 as a non-public but which, for good cause shown, was made...