Here's the New Checklist from the PCAOB
It's been a couple years since the PCAOB issued an auditing standard so I guess they wanted to squeak something in before this Mayan thing took a hold. Shall we cram this in before the fires start? Yes. Let's.
PCAOB
KPMG Chairman: Auditor Rotation Is a 'Terrible Idea'
And just for good measure, Michael Andrew says that it would probably increase the risk of audit failure.
PCAOB Sick of Audit Firms Playing Dumb with ICFR Standard
And the firms will keep acting coy, surely.
PwC to Require More Robust Review and Supervision of Auditors, Although “Minimum Supervision" Still Has Its Place (in Court)
Last month, the PCAOB released its 2011 inspection report for PwC. With a 41% deficiency rate for the 60 audits inspected, it's safe to assume that the firm wishes it could have put up a better number.
PCAOB Member Jay Hanson Can't Imagine a World with Auditor Rotation
The House of Hanson is a skeptical one.
Auditors Will Be Happy to Know That Term Limits Are Still on the Table
Just understand that "be happy" means "have a conniption fit" and "term limits" means "auditor rotation."
Three McGladrey Auditors Learn a Tick in Time Saves Nine
These guys aren't really helping McGladrey overcome that reputation of theirs, are they?
PwC Wants the PCAOB To Get Better
We're #1 (for now)!!
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RT @cnewquist: I haven't mixed it up in the @going_concern comments for a while. Feels good.
by @going_concern
1 week 17 hours ago I haven't mixed it up in the @going_concern comments for a while. Feels good.
by @cnewquist
1 week 17 hours ago Intriguing! RT @adrigonzo: If you will be at #NJSCPA13, come find me, I've got a stack of vintage @going_concern bumper stickers. And jokes.
by @NJSCPA
1 week 17 hours ago RT @adrigonzo: If you will be at #NJSCPA13, come find me, I've got a stack of vintage @going_concern bumper stickers. And jokes.
by @going_concern
1 week 17 hours ago If you will be at #NJSCPA13, come find me, I've got a stack of vintage @going_concern bumper stickers. And jokes.
by @adrigonzo
1 week 18 hours ago 
