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The Public Company Accounting Oversight Board (PCAOB) announced that it will hold a public meeting on Tues., Aug. 16 to discuss ways to enhance auditor independence, objectivity and professional skepticism, with mandatory audit firm rotation being one possibility, according to a PCAOB press release. This meeting is part of the board’s deliberations of a possible concept release on this subject.
U.S. and Chinese financial regulators got to know each other a little better at a two-day symposium in Beijing aimed at educating each other on their respective countries’ audit and inspection procedures in order to enhance cross-border oversight. The Sino-U.S. Symposium on Audit Oversight, held on July 11 and 12, was attended by representatives of the U.S.
The Public Company Accounting Oversight Board (PCAOB) announced on Aug. 1 that it has come to a settlement agreement regarding a disciplinary matter involving a former Ernst and Young partner and manager, whom the PCAOB said provided misleading documents and information to PCAOB inspectors and altered working papers.
The Public Company Accounting Oversight Board (PCAOB) released two proposed standards for broker-dealer audits today for public consideration.
The Public Company Accounting Oversight Board (PCAOB), the regulatory agency that oversees auditors, has announced that it will send delegates to China in the interests of forging a cooperative agreement with Chinese regulators in a similar manner to the ones already reached with British and Swiss financial authorities.
In what James R. Doty, chairman of the Public Company Accounting Oversight Board (PCAOB) said “represents a significant step for investor protection in response to the financial crisis," the regulatory agency proposed a number of changes to the standard audit report model in a concept release issued on June 20.
Prompted by the multibillion-dollar Ponzi scheme perpetrated by Bernard L. Madoff, the Securities and Exchange Commission (SEC) on Wednesday unanimously proposed an amendment to the rules governing broker-dealer financial reporting intended to provide better oversight of the industry, according to Reuters.
The Public Company Accounting Oversight Board (PCAOB) announced it is looking for nominations for its Standing Advisory Group (SAG) for 2011–2012. The deadline for submissions is June 16, 2011.
The Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB) released a joint study today examining how the SEC can reduce the burden of complying with Section 404(b) of the Sarbanes-Oxley Act of 2002 for companies whose public float is between $75 million and $250 million. The study was required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
See what's been happening at the SEC, the PCAOB and the GASB.