The PCAOB Has Had It With Shoddy Audit Work Performed by Affiliates
In its ongoing effort to tell audit firms that it means business this time for real, the PCAOB is reminding firms that local affiliates will be held to the same standards as the U.S. firms they are affiliated with. Said PCAOB Chair Erica Williams to the Financial Times: “[Global audit firms] know that we are […]
Warning to Auditors: The PCAOB Is Coming For Dat Ass
PCAOB Chair Erica Williams had some strong words for guardians of capital markets in remarks she made (virtually) at the Council of Institutional Investors (CII) Fall Conference on September 22: “[T]his Board is approaching enforcement with a renewed vigilance.” She said: As our strategic plan makes clear, this Board is approaching enforcement with a renewed […]
The PCAOB Hasn’t Done a Lot With Audit Standards in the Last 20 Years But They’re Getting Around to It Now
From remarks delivered yesterday by PCAOB Chair Erica Y. Williams at a virtual event hosted by Council on Institutional Investors (CII) on the 20th anniversary of Sarbanes-Oxley and the establishment of the PCAOB: When the PCAOB was first getting off the ground in 2003, it adopted existing standards that had been set by the auditing […]
Here’s What It Would Be Like If the New PCAOB Members Were Introduced At a Basketball Game
And now … your NEW starting lineup for the Peeee Ceeee Aaaay Ooooh Beeee! From Edinboro University, she has 28 years of experience in public finance, policy development, accounting and auditing, disclosure modernization, data analytics, and technology innovation. A former Deloitter, she has held senior financial roles at the Treasury Department and the University of […]