The Public Company Accounting Oversight Board has proposed a set of significant changes in the requirements for auditing firms' quality control systems, in a major update from the earlier standards in ...

The latest updates introduce comprehensive workflows for internal controls and risk assessment, embedded capabilities to support PCAOB engagements, and enhanced sampling capabilities – significantly ...

The PCAOB on Monday adopted a pair of foundational auditing standards with ties to AICPA standards. AS 1000, General Responsibilities of the Auditor in Conducting an Audit, aims to enhance and ...

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The PCAOB released a new staff report designed to help audit firms remedy quality control issues cited in inspections. The report features advice for firms facing remediation following findings of ...

The US accounting regulator is preparing to rewrite parts of a recently adopted rule on audit firms’ quality control systems after the measure drew criticism from across the profession, the Financial ...

Auditors of smaller public companies that have so far escaped the audit of internal control over financial reporting are getting new direction from audit regulators to assure the first audit is ...

Forbes contributors publish independent expert analyses and insights. I am the Jenkins Professor of Accounting at NC State University. A recent study published in Contemporary Accounting Research ...