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So Much for the PCAOB Inspecting Audit Firms in China
- Caleb Newquist
- November 3, 2015
Welp. After years of negotiation and Chairman Jim Doty saying this past summer that the […]
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Center for Audit Quality Managed to Find Some People Confident in Audits
- Adrienne Gonzalez
- October 10, 2014
With PCAOB inspection rates at their most embarrassing ever these days, you'd think most educated […]
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Audit Partners Are About to Get Famous
- Caleb Newquist
- September 10, 2011
But probably not in ways they would prefer:
In a recently updated standard-setting agenda, PCAOB Chief Auditor Marty Baumann says the board is working on the proposal to address concerns about audit transparency. The board published a concept release in July 2009 that asked for feedback on whether the engagement partner should be required to sign the audit report. Based on feedback to that release and subsequent discussions with the board’s advisory groups, the PCAOB is preparing a new requirement for audit firms to say in their audit reports which engagement partner at the firm supervised the audit and who from outside the audit firm participated in the audit.
PCAOB Plans Rulemaking on Identifying Auditors [CW]