New ruling from the PCAOB yesterday. Here is a tidbit and the entire link to the ruling is below:
The Public Company Accounting Oversight Board, pursuant to its authority under recent amendments to the Sarbanes-Oxley Act of 2002, is proposing a temporary rule to establish an interim inspection program related to audits of brokers and dealers. The temporary rule would serve two principal purposes. It would allow the Board to assess registered public accounting firms’ current compliance with laws, rules, and standards in performing audits with respect to brokers and dealers. It would also inform the Board's decisions about significant elements of a permanent inspection program, including whether to differentiate among classes of brokers and dealers, whether to exempt any categories of public accounting firms, and what minimum inspection frequency schedules to establish.
Read the full ruling here: