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PCAOB HEARING: A unified line against rotation

  • Author: Ana Gyorkos
  • Published: 23 Mar 2012

DAY 2: US mid-tier accounting firms agree with their Big Four peers and Grant Thornton that mandatory audit firm rotation is a bad idea. The last.... read more

PCAOB HEARING: Stakeholders divided over audit firm rotation

  • Author: Ana Gyorkos
  • Published: 22 Mar 2012

In one corner, investors, regulators and academics are calling for change and backing rotation while audit firms and large corporates are.... read more

CAQ against mandatory firm rotation

  • Author: Ana Gyorkos
  • Published: 21 Mar 2012

The Centre for Audit Quality (CAQ) executive director Cindy Fornellihas said mandatory audit firm rotation would not increase audit quality but.... read more

FASB and IASB 'disagree' on leasing standards

  • Author: TA editorial
  • Published: 2 Mar 2012

The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are divided over certain components of.... read more

Netherlands to cast final vote on audit reforms

  • Author: TA editorial
  • Published: 1 Mar 2012

The bill, which is in anticipation of the European Commissions (EC) planned reform on the audit market, has so far been passed by the Dutch Lower.... read more

FAF conducts post-implementation review of standards

  • Author: TA editorial
  • Published: 16 Feb 2012

The Financial Accounting Foundation (FAF) plans to conduct post-implementation reviews on accounting standards issued by the Financial Accounting.... read more

FASB and ASBJ continue IFRS discussions

  • Author: TA editorial
  • Published: 13 Feb 2012

The ASBJ is working on its projects to achieve convergence between Japanese GAAP and IFRS, taking into consideration the joint projects by the FASB.... read more

Investors demand more ESG information

  • Author: TA editorial
  • Published: 10 Feb 2012

The PAIB, part of the International Federation of Accountants, report found that as investors increased their use of ESG information to better.... read more

China tightens audit regulations

  • Author: The Accountant
  • Published: 7 Feb 2012

The Chinese finance ministry and security watchdogs have introduced new regulations for firms auditing listed companies, according to media.... read more

SEC approves PCAOB's budget

  • Author: TA editorial
  • Published: 12 Jan 2012

The US Public Company Accounting Oversight Board (PCAOB) was successful in defending its 2012 budget increase before the Securities and Exchange.... read more

PCAOB to defend budget increase before the SEC

  • Author: TA editorial
  • Published: 11 Jan 2012

The US Securities and Exchange Commission (SEC) will question US audit watchdog chairman James Doty regarding a request to increase the bodys.... read more

PCAOB reconsiders audit communications standard

  • Author: TA editorial
  • Published: 16 Dec 2011

The US Public Company Accounting Oversight Board (PCAOB) is to consider the reproposal of the auditing standard on communication with audit.... read more

AICPA rejects audit firm rotation

  • Author: TA editorial
  • Published: 15 Dec 2011

The American Institute of Certified Public Accountants (AICPA) has opposed mandatory audit firm rotation in a comment letter to the Public Company.... read more

Interconnected markets need global standards: Hoogervorst

  • Author: TA editorial
  • Published: 9 Dec 2011

Hoogervorst, who was addressing the issue of convergence between US GAAP and IFRS during the American Institute of Certified Public Accountants.... read more

Hundred Group rejects Barnier's audit proposals

  • Author: TA editorial
  • Published: 8 Dec 2011

Finance directors of FTSE 100 companies are opposed to EC proposals on mandatory joint audit and firm rotation, according to a survey by the.... read more

SEC delays IFRS decision by few months

  • Author: TA editorial
  • Published: 6 Dec 2011

The US Securities and Exchange Commission (SEC) will delay by a few months the decision on whether to incorporate IFRS for US users, according to.... read more

PCAOB appoints SAG members

  • Author: TA editorial
  • Published: 30 Nov 2011

The Public Company Accounting Oversight Board has added 28 new members to itsStanding Advisory Group (SAG) The Board has also increased the SAG.... read more

ICAI investigates multinational audit firm violations

  • Author: TA editorial
  • Published: 28 Nov 2011

The Institute of Chartered Accountants of India (ICAI) will begin examining the violations of certain clauses in the Chartered Accountants Act by.... read more

PCAOB find deficiencies in KPMG US and PwC US audits

  • Author: TA editorial
  • Published: 22 Nov 2011

The US Public Company Oversight Board (PCAOB) has found deficiencies that exceed a certain significance threshold in the audit work of PwC US and.... read more

PCAOB strengthens audit oversight in Taiwan

  • Author: TA editorial
  • Published: 21 Nov 2011

The Public Company Accounting Oversight Board (PCAOB) has strengthened its ties with the Financial Supervisory Commission of Taiwan for the.... read more

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