While audit regulators churn away on promised revisions to Auditing Standard No. 2, their chief auditor is imploring those in the field to heed earlier guidance, use more judgment, and lighten up on ...

Public Company Accounting Oversight Board (the “PCAOB” or the “Board”), with a newly constituted Board, a new Chair, and a decline in enforcement actions compared to 2024. Amidst these changes, the ...

The US accounting regulator is preparing to rewrite parts of a recently adopted rule on audit firms’ quality control systems after the measure drew criticism from across the profession, the Financial ...

The Public Company Accounting Oversight Board says audits of internal controls over financial reporting are improving—but they still are not focusing as much on risk and efficiency as regulators would ...