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PCAOB concludes fourth audit regulation Institute

The Public Company Accounting Oversight Board’s (PCAOB) held its fourth annual International Auditor Regulatory Institute last week, to highlight its programmes and exchange views on global issues affecting the oversight of auditors.

The Institute held seminars exploring the structure of PCAOB auditor oversight programmes, internal inspection considerations and current issues in enforcement and standard setting.

It also included a panel discussion with representatives from several of the PCAOB’s international counterparts including Canada, Japan, Netherlands, Norway and the UK to discuss issues related to auditor oversight worldwide.

A newly designed interactive session in which PCAOB inspection leaders presented hypothetical inspection scenarios and discussed relevant considerations, inspection procedures and potential outcomes was also held.

Former vice president of Internal Audit at WorldCom Cynthia Cooper also spoke about ethical leadership in the 21st century.

The Institute was held in Washington DC and was attended by 75 representatives from auditor oversight bodies and government agencies across 42 countries.

 

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