Sometimes I get the impression that the Big 4 don’t fully appreciate what the PCAOB’s supposed to do as a regulator.
As promised, the PCAOB is dropping its auditor disclosure rule with 9 shopping days left until Christmas.
The PCAOB announced earlier today that it will hold an open meeting next Tuesday to vote on the disclosure rules for naming the audit partner and other accounting firms that participated in the audit.
Earlier this week, we learned about a couple of Grant Thornton audits that were less than perfect.
Last week the PCAOB approved its 2016 budget and also its "strategic plan" through 2019. That might sound like a more potent sleeping aid than tryptophan, but sometimes board members say interesting things worth sharing and, today, we have one for you.
SEC Chief Accountant James Schnurr says that, although "there's room for improvement" audit quality "is getting better" and the PCAOB has "deepened their expertise" and "their inspection process has matured."
There are no bad ideas.
Welp. After years of negotiation and Chairman Jim Doty saying this past summer that the PCAOB was "very close" to reaching an agreement to inspect audit firms in China, this happened:
Awhile back, we solicited questions from you all about what a career at the PCAOB as inspector might be like.
A superfecta of PCAOB enforcement orders hit the air yesterday, so let's take a looksee, shall we?