Audit report guidance

https://www.journalofaccountancy.com/news/2017/dec/pcaob-guidance-on-new-auditors-report-201717997.html

European audit proposal moves ahead

Draft has been approved - final vote coming in April 2014 http://journalofaccountancy.com/News/20149495.htm

Auditor rotation

 bill to ban PCAOB moves forward  http://blogs.wsj.com/cfo/2013/06/19/bill-to-ban-pcaob-from-forcing-auditor-rotation-advances/?mod=djem_jiewr_AC_domainid

House bill to prohibit mandatory rotation of auditors

PCAOB proposed mandatory rotation; many opposed it as noted with comment letters.   http://www.reuters.com/article/2013/06/19/us-house-sec-bills-idUSBRE95I1NS20130619

The AICPA, not surprisingly,  had a letter also in suppport of the bill and in opposition to mandatory rotation. http://www.aicpa.org/Advocacy/Issues/DownloadableDocuments/2013-6-17-MFR-Letter.pdf

PCAOB board member expresses skepticism of

mandatory audit firm rotation.   Discusses the kind of data and analysis that would have to be done prior to making this decision and expresses these as hurdles.  This is one member on the Board's opinion only.   http://journalofaccountancy.com/News/20126956.htm

Congress, PCAOB, and auditor rotation

An amendment to Sarbanes-Oxley Act has been proposed to prevent the Public Company Accounting Oversight Board from requiring companies to rotate auditors. http://www.complianceweek.com/congress-moves-to-block-pcaob-on-auditor-rotation/article/233485/

Also see this letter where AICPA opposes mandatory audit rotation, so AICPA and PCAOB appear to disagree on this topic.http://www.aicpa.org/InterestAreas/ProfessionalEthics/Community/CommentLetters/DownloadableDocuments/aicpa-letter-pcaob-concept-release-mfr.pdf

This article from Journal of Accountancy covers related issues http://journalofaccountancy.com/Web/20125365.htm

Also panelists highlight issues http://www.cgma.org/Magazine/News/Pages/20125371.aspx