In a staff report released on Sept. 16, the Public Company Accounting Oversight Board (PCAOB) provided some advice to accounting firms on auditor independence compliance, after the audit regulator saw ...

For public accounting firms, there is a clear independence line between auditing the financial statements of a business and also handling the accounting. However, as the variety of consulting services ...

The Public Company Accounting Oversight Board voted Thursday to adopt a set of amendments to its auditor independence standards to align them with the Securities and Exchange Commission’s revised ...

Auditor independence has long been a foundational element of audit quality, and recent findings from the Public Company Accounting Oversight Board (PCAOB) underscore the importance of auditor ...

On Oct. 16, 2020, the U.S. Securities and Exchange Commission (SEC) adopted final rules amending the auditor independence requirements of Rule 2-01 of Regulation S-X. The SEC noted that amendments to ...

The Securities and Exchange Commission and the Public Company Accounting Oversight Board have expressed renewed focus on public accounting firms' obligations to create and maintain a culture of ...

Audits are performed to verify that a company's processes and records are in compliance with standards or regulations. Among the most commonly discussed types of audits and the most stringently ...

Washington, D.C--(Newsfile Corp. - August 27, 2019) - The Securities and Exchange Commission today charged public accounting firm RSM US LLP with violations of the agency's auditor independence rules ...

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission (SEC) said on Tuesday that it fined public accounting firm RSM US LLP $950,000 to settle claims it violated the agency's auditor ...

The U.S. Securities and Exchange Commission adopted changes that relax some conflict-of-interest rules for companies and audit firms, making it easier for them to avoid violating auditor independence ...