PCAOB to Audit Committees: Help Us Help You

By Tammy Whitehouse2015-05-19T11:00:00

Image: The PCAOB’s latest guidance to audit committees will help them understand how to push their audit firms to dig deeper into risk. It may also, however, nudge audit committees to undertake risk and audit oversight the PCAOB itself cannot do. “In places like China, the PCAOB cannot inspect, but ...

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Year-End Audits: Start Prepping for the Pain

2015-10-14T15:30:00Z By Tammy Whitehouse

As public companies and their external auditors gear up for the year-end audit cycle, it will likely include some familiar, yet still uncomfortable, conversations. Be ready for close looks at internal control over financial reporting, accounting estimates, and related-party transactions. “You can rest assured auditors are going to be really ...
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More Hints at More Audit Committee Disclosure

2015-06-02T11:15:00Z By Tammy Whitehouse

Image: The SEC plans a concept release “soon” that could modernize audit committee disclosures for the first time in years, including touchy subjects like naming the audit engagement partner. Expect awkward questions to follow about how audit firms are hired and perform the work they do. “This foreshadows what I ...
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Audit Relations Continue to Be Strained

2015-05-27T16:15:00Z By Tammy Whitehouse

Image: Tensions over the audit of internal controls over financial reporting were in focus at the Compliance Week 2015 conference last week, with many saying corporate audit committees will ultimately need to resolve the problem. “We hear the concerns, even frustrations, from company officials over the level of audit work ...

“For tracking litigation, enforcement, and regulatory developments, Compliance Weekshould be your prime source.”

PCAOB to Audit Committees: Help Us Help You

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Year-End Audits: Start Prepping for the Pain

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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”