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Tag: Pcaob
Supreme Court Rules on the PCAOB
June 30, 2010
On Monday, the Supreme Court, in a complex decision, found parts of the statute that created the Public Company Accounting Oversight Board ("PCAOB") to be unconstitutional. However, the manner in which the Court addressed the issue left the day-to-day operations of the Board… read more
PCAOB Floats Idea of Mandatory Audit Firm Rotation
June 10, 2011
James R. Doty, Chairman of the Public Company Accounting Oversight Board, recently addressed the SEC and Financial Reporting Institute 30th Annual Conference in Pasadena, California, speaking at length about the cultural challenges impeding auditor skepticism and independence. In particular, Doty expressed concern about the ways in… read more
PCAOB Issues Concept Release on Audited Financial Statements
June 29, 2011
On June 21, 2011, the Public Company Accounting Oversight Board ("PCAOB") issued a concept release to solicit public comment on a proposed revision of the content and form of reports on audited financial statements. The concept release describes a number of potential alternatives to the current auditor… read more
PCAOB Issues Concept Release on Mandatory Audit Firm Rotation
September 13, 2011
On August 18, the Public Company Accounting Oversight Board (PCAOB) issued a concept release soliciting comments on potential approaches to enhancing auditor independence. The Public Company Accounting Oversight Board ("PCAOB" or "Board") is issuing a concept release to solicit public comment on ways that auditor… read more