
PCAOB Reaches Rule-Making Milestone Under Erica Williams’ Administration
The new standard on confirmations is the first project the board saw through from start to finish with Williams as PCAOB chair.
The new standard on confirmations is the first project the board saw through from start to finish with Williams as PCAOB chair.
BDO USA was fined $2 million and two of the firm’s partners were fined a total of $60,000 for failures in the 2017 audit of AAC Holdings.
The proposal would hold auditors and others more accountable when they negligently cause their firm to violate auditing standards.
The proposal would update parts of existing PCAOB standards relating to audit evidence and auditors' responses to risk.