Public Company Accounting Oversight Board (PCAOB)

Audit conflicts must go!

admin — Tue, 29 Apr 2008 06:59:59 -0400

We recently suggested it would be a good idea for firms to get rid of all potential conflicts of interest in Read more...

ALSO NOTED: Sarbanes Oxley can't prevent bubbles;

admin — Tue, 29 Apr 2008 06:59:58 -0400

> PCAOB and Singapore body in accord. Article> Cox's top lawyer to leave SEC. Read more...

What if the PCAOB is unconstitutional?

admin — Tue, 22 Apr 2008 06:59:59 -0400

The issue of the Public Company Accounting Oversight Board's constitutionality has reared its head again. The issue seemed dead when a federal court ruled in the board's favor. But the Free Read more...

Tough time to serve on an audit committee

admin — Tue, 18 Mar 2008 07:59:59 -0400

We've noted that serving on an audit committee is not an easy gig right now, especially at a financial services firm. Auditors are feeling a certain amount of pressure to take a hard line on Read more...

ALSO NOTED: PCAOB to move ahead on Sarbox-mandated engagement standard

admin — Tue, 26 Feb 2008 06:59:58 -0500

> PCAOB to move ahead on Sarbox-mandated engagement standard. Article > Three more restatements Read more...

PCAOB finally fines a Big Four firm

admin — Tue, 18 Dec 2007 06:59:59 -0500

It had to happen. I guess later rather than sooner is good enough. For the first time, the PCAOB has fined a big four accounting firm. Deloitte has been fined $1 million for the troubled 2003 audit Read more...

PCAOB to rely on overseas counterparts?

admin — Tue, 11 Dec 2007 06:59:59 -0500

Well, at least the PCAOB is consistent. It has made sure the industry aware that it approves of auditors using the work of others in its 404 evaluations of clients. Now, the PCAOB is apparently Read more...

ALSO NOTED: Foreign Corrupt Practices Act on radar these days; PCAOB looks for partners overseas;

admin — Tue, 04 Dec 2007 06:59:58 -0500

> Foreign Corrupt Practices Act on radar these days. Article > Read more...

ALSO NOTED: Irony: GAO finds control weaknesses at SEC; Sarbox consultants win more business;

admin — Tue, 27 Nov 2007 06:59:58 -0500

> PCAOB bars former KPMG auditor. Article > A guilty verdict in fake filings case. Read more...

Little impetus to change Sarbox law

admin — Tue, 06 Nov 2007 06:59:59 -0500

Sarbanes Oxley is the law that everyone loves to hate. Even Michael Oxley himself has some reservations about it. It's an easy target in many ways. But for all the angst, it looks like now there will Read more...