audit news from FierceSarbox
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Can AS5 really be enforced?
Jack Ciesielski, who publishes The Analyst's Accounting Observer, found this comment by Chris Cox on AS5 intriguing: "The SEC and the PCAOB expect a change in the behavior of the individuals Read more...
More on the shape of the new AS2
We've known for some time that the PCAOB intends to re-write AS2. We've gotten hints that Read more...
The shape of reform to become clearer soon
Chris Cox, chairman of the Securities and Exchange Commission, says that changes are coming soon. Most likely, various reform measures will be adopted at a Dec. 13 public meeting. This has been Read more...
The SEC's plans to ease small-company burdens
Some people have called for an end to small company audits. The Securities and Exchange Commission will not go that far, but it is moving to lighten the load. While all will be required to conduct Read more...
Has Sarbox delivered higher quality financial statements?
Some recent stats suggest that big-name accounting firms are making lots of progress. By one measure, in 2005, the restatements filed by public companies was up 72 percent from the previous year. Read more...
Revising AS2 is the PCAOB's top priority
It's no surprise that reformulating Auditing Standard No. 2 is the PCAOB's highest priority when it comes to setting standards. The board had already submitted a set of proposals to the SEC, a Read more...