July 10, 2014
PCAOB Settles Suit Against Former Big 4 Accountant
Alleged violations involved ignoring or failing to properly address signs of improperly recognized revenue in significant unusual transactions.
June 30, 2014
New Report Looks at Changing Broker-Dealer Audit Landscape
Thomson Reuters has released a special report, Cause and Effect of the Changing Broker-Dealer Audit Landscape, which provides an overview of the PCAOB's new standards affecting broker-dealer audits.
June 10, 2014
Center for Audit Quality Supports PCAOB Efforts
Improved audit quality is a goal being pursued by the Public Company Accounting Oversight Board (PCAOB), and a non-partisan audit advocacy group is supporting its recent efforts.
May 27, 2014
Thomson Reuters Releases Topical Newsletters for Accounting Firms
The tax and accounting arm of Thomson Reuters has released two new content marketing solutions for CPA firms interested in growing their accounting, auditing, and international tax practices.
May 5, 2014
New Audit Quality Indicators to be Pilot Tested by Accounting Firms
The Center for Audit Quality (CAQ) today released the CAQ Approach to Audit Quality Indicators, which represents a two-year effort with its member firms to develop perspectives regarding which indicators may be most relevant and how and to whom they should be communicated. The paper sets forth in detail the CAQ approach to communicate a…
February 2, 2014
Financial Accounting Foundation Names CPA As Chair of Advisory Council
The Financial Accounting Foundation has announced that Steven E. Buller, CPA, managing director and former chief financial officer of BlackRock, Inc., has been appointed chairman of the group's Advisory Council (FASAC). His term begins on February 1, 2014, and concludes on December 31, 2015.
December 11, 2013
PCAOB Scrutinizes Engagement Quality Reviews
The Public Company Accounting Oversight Board (PCAOB) has released a report that provides information about registered audit firms' implementation and compliance with Auditing Standard No. 7, Engagement Quality Review.
August 14, 2013
10 Years After SOX: PCAOB Update (NASBA Annual Meeting)
PCAOB board member Lewis Ferguson gives an update on public company oversight issues.
August 14, 2013
New Auditing Standard Proposed by PCAOB
Organization Also Proposes a New Related Auditing Standard on the Auditor’s Responsibilities for Other Information in an Annual Report
August 7, 2013
Complying with the PCAOB: The Various Options for Independence Training
Conducting regular, systematic audits is essential for holding public companies accountable for their decisions and financial records. Monitoring, evaluating, and managing public corporations is arguably the most effective way to placate stakeholders. But who ensures that audits are always conducted properly, fairly and thoroughly? In other words, who audits the auditors?
July 10, 2013
Bill banning audit firm rotation mandate passes U.S. House
On Monday evening, the U.S. House of Representatives passed a bipartisan bill that would ban the the potential of mandatory audit firm rotations that have been suggested by the head of the Public Company Accounting Oversight Board (PCAOB).
June 26, 2013
Algae bio-fuel firm engages Silberstein, Ungar, PLLC as external auditor
Sloud, Inc. has announced it has retained Silberstein, Ungar PLLC as the company's external auditor.