Friday, October 25, 2013

Second report by PCAOB on internal controls

as per this article.   Links to the staff report are therein. http://journalofaccountancy.com/News/20138988.htm

Censured auditor still worked

Deloitte still used the former partner as an associate, even though he had been censured by the PCAOB.   When caught, the firm pays the fine.   http://retheauditors.com/2013/10/23/only-money%e2%80%94deloitte-pays-another-fine-and-then-moves-on/

Wednesday, October 23, 2013

A research piece showing audits differ

depending on the engagement partner.  The research tracked aggressive and conservative audit styles to the partner.     http://www.complianceweek.com/audits-differ-by-engagement-partner-research-says/article/317291/

Tuesday, October 22, 2013

PCAOB Investor Advisory Group suggests changes

to the inspection process.   Frustrations related to being able to tell if the quality control processes of firms are improving along with other suggestions are discussed.  http://www.complianceweek.com/investor-want-transparent-audit-inspection-reports/article/316877/

Wednesday, September 18, 2013

Proposal to included individual names in audit reports

The proposal is expected by PCAOB before yearend.   Stepping up disclosures is a theme of this piece, which also discusses the International Audit Assurance Standards Board's upcoming related work.   http://blogs.wsj.com/cfo/2013/09/13/auditor-reports-headed-for-new-disclosure-era/