PCAOB
PCAOB audit partner transparency data provided a leading indicator of audit quality issues.
The findings in "New Public Company Auditor Disclosures: Who Audits the Company You Invest In? How Long Have They Been the Auditor," were compelling, particularly on gender diversity.
Mickey Mantle, the UCLA Bruins, the seven seas — what do they have in common with the Public Company Accounting Oversight Board’s disclosure requirement? What three main changes should investors know?
The just-issued Public Company Accounting Oversight Board plan takes incremental steps to larger objective — transparency for investors.
PCAOB should resist pressure from the SEC to shift its focus from important transparency projects.
Investors, not the company, are the auditor’s client. Changing this paradigm, where auditors are beholden to management, is essential to fully resolving independence and objectivity challenges.
PCAOB finds compromise option for making audit-partner disclosure more convenient and transparent.
At a time when accounting standard setters are finalizing new requirements for the auditor’s report, Rolls Royce sets a high bar.
The debate continues regarding the PCAOB proposal to require disclosure of the name of the engagement partner in the auditor’s report.
A recent PCAOB proposal intends to enhance transparency and thus improve audit quality through the engagement partner’s increased sense of accountability — a move that has strong investor support.