Tag: PCAOB
SubscribeFirst Inspections Find Massive Holes in Chinese Audits
Regulators have released the results of their first inspections of audits of U.S.-listed Chinese companies, and they’re not pretty. Analyses revealed “unacceptable deficiencies” in audits performed by KPMG’s Chinese arm and PricewaterhouseC...
Read MorePCAOB Sees Audit Quality Slipping
The Public Company Accounting Oversight Board has a message for auditors: Shape up. According to the PCAOB’s latest report on audit inspections, firms are producing audits with deficiencies at an increasing rate. The board is projecting tha...
Read MoreNo CAM Do: Fewer Critical Audit Matters Appearing in Reports
Auditors are identifying fewer critical audit matters in the typical audit report, according to an analysis from the Public Company Accounting Oversight Board. At the same time, PCAOB also found that the number of audit reports communicatin...
Read MorePCAOB Looks to Refresh Quality Control Standard for Accounting Firms
In the sci-fi classic “Terminator 2: Judgment Day,” the film’s heroes find themselves once again on the run from a relentless robotic assassin from the future. In the first sequel to the original “Terminator” film, the new Terminator, dubbe...
Read MoreAudit Failures Lead to SEC Action Against Deloitte-China
Some auditors in the Chinese affiliate of Big Four accounting firm Deloitte have apparently been taking a unique approach to their work. Rather than evaluating their clients’ financial reporting, they let the clients audit themselves, accor...
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