LexisNexis® Legal Newsroom
Sarbanes-Oxley Can Now Sleep Easily at Night: The PCAOB Case

In its typical rush to finish its term by July 4, the U.S. Supreme Court just released an opinion in the case challenging the constitutionality of the PCAOB, Free Enterprise Fund v. Public Company Accounting Oversight Board. This commentary discusses the decision, considers its implications for challenges...

Not Over Until It’s Over: Price Waterhouse India Settles Satyam

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) and the Public Company Accounting Oversight Board...

Broker-Dealer Audits Still Badly Broken

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 PCAOB’s second “progress” report...

Call of Duty: Who Has The Last Word On “Network” Audits of US-Listed Companies?

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 supported the completion of the audit. There are...