Archive for the ‘pcaob’ Category

PCAOB’s fifth birthday

Sunday, April 27th, 2008

In case you missed it, the US Public Company Accounting Oversight Board had its fifth birthday last week. Let’s celebrate by looking at the numbers

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PCAOB and the new independence rule

Sunday, April 20th, 2008

The Public Company Accounting Oversight Board wants US audit firms to come clean on their links with corporations

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PCAOB punches Grant Thornton

Tuesday, April 15th, 2008

The Public Company Accounting Oversight Board has pinged Grant Thornton for slack auditing

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SEC-PCAOB arm wrestle

Tuesday, February 26th, 2008

How bad is the relationship between the Securities and Exchange Commission and the Public Company Accounting Oversight Board? What are the tensions? Can they actually work together to protect the markets? Now we have insiders saying they hate each other.

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PCAOB action

Thursday, December 13th, 2007

Big week for the PCAOB. First off, it pings Deloitte for audit violations, then it gives long overdue guidance for auditors to sort through the risks associated with the subprime credit situation in relation to fair value measurements.

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PCAOB’s global inspections

Thursday, December 6th, 2007

The Public Company Accounting Oversight Board has a proposed policy statement that would allow it to rely hand over to its international counterparts inspections of non-US audit firms going over the books of US public companies.

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PCAOB slates audits of small firms

Thursday, October 25th, 2007

With a looming Sarbanes-Oxley deadline for smaller companies, can smaller entities cope when there is an expected shortage of auditors? A Public Company Accounting Oversight Board report suggests they’ll be struggling after identifying “significant and frequent deficiencies” in audits performed by smaller audit firms.

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More problems with the PCAOB

Sunday, October 14th, 2007

The Public Company Accounting Oversight Board has lots of deficiencies. One of them is that it The provides little information to clients as to whether their auditors are up to scratch. Just another way of keeping investors in the dark.

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SEC charges accounting firms

Friday, September 14th, 2007

The Securities and Exchange Commission has charged 69 accounting firms and individuals with violating Sarbanes-Oxley by failing by auditing public companies without registering with Public Company Accounting Oversight Board. Five years on, and you have to question how effective Sarbanes-Oxley is.

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Audit deficiencies

Sunday, August 26th, 2007

An analysis of the Public Company Accounting Oversight Board’s work reveals some of the most common auditing mistakes by firms, including the big ones.

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