10
Sep

Changes to Auditor Reporting Standards Proposed by PCAOB

The Public Company Accounting Oversight Board (PCAOB) issued proposed modifications to auditor reporting standards on August 13, 2013. These proposals will follow the process, including concept release issued over two years ago,  discussing possible changes to the standard auditor’s report that would provide more useful information to investors. The two new standards proposed by the PCAOB are: 1. addressing the content […]

22
Aug

PCAOB Calling for Additional Care in Audits of Brokers/Dealers

On the Journal of Accountancy’s website,  Ken Tysiac writes that the PCAOB is urging auditors of broker/dealers to conduct audits with due professional care and skepticism after PCAOB inspectors identified deficiencies in 57 of the 60 audits of broker-dealers reviewed during the final 10 months of 2012. The independent findings were identified in about 8% […]

14
Aug

A New Auditor’s Reporting Model is Being Considered by PCAOB

The PCAOB, Public Company Accounting Oversight Board, met August 13th., 2013,  to consider proposing a new auditor’s reporting model as well as new auditor’s responsibilities for other information in an annual report that contains audited financial statements and the auditor’s report, writes Ken Tysiac for the Journal of Accountancy. These contents of the auditor’s report have been the […]

4
Jun

New Policies from the “Public Company Accounting Oversight Board” (PCAOB)

The following is information released by the Public Company Accounting Oversight Board:  “POLICY STATEMENT REGARDING CREDIT FOR EXTRAORDINARY COOPERATION IN CONNECTION WITH BOARD INVESTIGATIONS PCAOB Release No. 2013-003 April 24, 2013 Summary The Public Company Accounting Oversight Board (“PCAOB” or “Board”) is issuing this policy statement to provide guidance to registered public accounting firms (“firms”) […]